You can execute a currency change for insurance objects with balance interest calculation using a mass activity, or online, if you are converting to the Euro, for instance.
In order to be able to execute a currency change, you have made the following settings in the Implementation Guide.
You have defined the currencies for which a currency change is permitted.
You have defined parameters for the documents created during currency change.
You have defined G/L accounts for the documents created during currency change (posting area V081).
You have defined activities for the currency change and assign them, where necessary.
Choose
.During currency change, the open items for the selected insurance objects in the old currency are determined. Statistical items are then closed. Actual posted items that are relevant for interest calculation and actual posted items that are not relevant for interest calculation (additional receivables, for example) are then processed separately: The balances on the date of change are determined and written off. The currency is then changed for the contract account. Both balances are recalculated in the new currency (using the local currency as appropriate) and then reposted separately. The balances are posted to the reconciliation account defined in the Implementation Guide.
You can implement additional checks for the currency change in event V080 (sample module VVOZINS2_SAMPLE_V080 ).
In event V081 (sample module VVOZINS2_SAMPLE_V081 ), you can calculate charges for the currency change.
The following are prerequisites for currency changes:
You have calculated interest for the insurance object up to the day before the currency change.
Note
Interest is calculated automatically online for the items on an insurance object, for which a currency change is to be executed. To execute a currency change in the mass activity, you have to have already calculated interest for the affected insurance objects in the balance interest calculation run.
No entries are permitted in the VVKKICLARIOB clarification table. If you post items in a period for which interest has already been calculated, an entry is created in this table. The old interest documents are reversed in the next interest run, and interest is recalculated.
On the insurance object, no items whose due date for net payment, posting date or value date lies on or after the date for the currency change, can exist in the old currency. Only reversed items are excepted from this rule.
If there are still open payment plan items in the old currency on the insurance object, a message informing you of this is output, but the currency change is still executed.
To execute a currency change as a mass activity, choose
in the Collections/Disbursements menu.To execute a currency change online, choose
in the Collections/Disbursements Menu.