Hubbell Policies

Transaction Variant must be created for each SAP company code requiring re-measurement of Monetary Accounts. The Monetary Accounts to be included in the variant (as well as subsequent changes to) are to be approved by the Platform or Corporate Controller. The HUBS-FICO team will assist in the creation and testing of this variant in response to requests submitted via the service desk (servicedesk@hubbell.com).

Note: An account inclusion in the F.05 variant does not guarantee re-measurement will take place. The G/L master configuration of a monetary account in SAP must be reviewed periodically by the business Controller to ensure re measurement will occur. The following table presents the impact different account settings will have on the re-measurement of transactions and balances (through use of the F.05 Tcode) regardless of Document Currency:

NO re-measurement

WILL re-measure

Account election

X

Local Currency Only ("LC")

X X X

LC AND Open Item managed ("OI")

OI

LC AND SAP Account type D (Customer) or K (Vendor)

Non-SAP companies Non-SAP companies shall calculate re-measurement as follows:

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