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Foreign-currency positions and remeasurement
Compare the carrying amount of an open monetary position with a closing rate on a selected date.
Remeasurement adjusts the carrying amount of a foreign-currency position still held without changing its number of currency units. The balance sheet can therefore show value at a selected closing rate.
Step by step
- 1Open New remeasurement within the selected fiscal year and choose the date on which to remeasure.
- 2For each displayed currency, enter the appropriate rate and effective date. You do not select a separate account or position.
- 3Review the preview first. It shows all positions currently eligible within the currency, including foreign-currency balance, current carrying amount, target value and proposed difference.
- 4Post the remeasurement only when the remeasurement date, currency, rate, effective date and every displayed position are correct.
- 5In a later period, assess whether another remeasurement or realisation is needed. Boekhouden creates no automatic reversal.
What is on the screen?
- Remeasurement date
- Displayed currency with rate and effective date
- Preview of all eligible positions
- Foreign-currency balance, current carrying amount, target value and difference
What happens next?
The carrying amount changes through a separate unrealised exchange gain or loss; the foreign-currency balance remains equal. No background posting or automatic reversal occurs.
Continue reading
Posting in foreign currency
Post original currency amounts and their corresponding value in the accounting currency.
Read guidance →Exchange differences
Understand the difference between realised and unrealised exchange gains or losses.
Read guidance →Balance sheet
Read assets, liabilities and equity as a financial position on one date.
Read guidance →