F340 Financials: Advanced | Multi-Currency Accounting 6.0

Home Course Catalog Financials F340 Financials: Advanced | Multi-Currency Accounting 6.0

What's new in this course

Course Resource Updates
Please note, instructional materials are updated to Acumatica 6.0.

For instructor-led sessions, Acumatica 5.3 was used. We will update sessions as soon as new online training sessions will be conducted on a base of Acumatica 6.0.

The course has been updated as follows:

  • The guide has been updated for Version 6.0 of Acumatica ERP.
  • The Consolidate Posting to GL feature has been replaced by the Generate Consolidated Batches check box, which is located on the General Ledger Preferences (GL102000) form.
  • Minor corrections, improvements, and updates have been made throughout the guide.

The Financials: Advanced | Multi-Currency Accounting course provides information about and experience with the configuration and use of the Currency Management module for managing multiple accounting currencies and performing multi-currency operations.

Through the step-by-step examples provided in the guide, you will learn how to perform the following tasks in Acumatica ERP:

  • Configuring currency rate types and exchange rates
  • Configuring foreign currencies to be used for accounting
  • Configuring denominated accounts
  • Processing General Ledger transactions in a foreign currency
  • Making funds transfers between accounts managed in different currencies
  • Processing AR invoices, payments, and credit memos in different currencies
  • Processing AP bills, payments, and debit adjustments in different currencies
  • Managing sales prices and vendor prices in different currencies
  • Revaluing customer and vendor open documents
  • Revaluing denominated General Ledger accounts
  • Configuring the reporting ledger and translation definitions
  • Translating financial statements to a foreign currency
  • Importing the trial balance with account balances in a foreign currency