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Cristina Carcelen TA

Cristina Carcelen

Joined: 3/6/2018

  • Currency revaluation: IFRS IAS 21 not fulfilled in Dynamics

    Mon, 05 Jun 2017 20:05:16 GMT – Dynamics 365 Finance – Completed 

    When running the currency revaluation for the general ledger, it is only possible to separate the accounts to which the currency profit/loss is posted to is only able to control per ledger or per currency.
    However, it difficult to fulfil the IAS 21 requirements on how to handle exchange differences. 
    The IFRS (IAS 21) states that you should report exchange differences differently depending on if they arise from monetary or non-monetary items. Furthermore, exchange differences they should even be posted to different accounting classes (equity vs profit or loss) depending on the source (monetary/non-monetary).
    The only way to control this would be if it was possible to set the unrealized/realized profit/loss accounts for currency revaluation on an account level but as this is not possible in D365 for Operations the only advice we can give the customer is to either treat revaluation manually for one of the item types, manually reverse and re-post part of the transaction or run the revaluation multiple times and between the runs change the setup on the ledger/currency back and forth.
    However, due to the massive manual work this will cause the customer and the fact that it is an IFRS requirement driving this, this should be consider as a new funciotnality for future versions.
     

  • Control on Fixed Assets multiple depreciation

    Mon, 18 Sep 2017 13:42:14 GMT – Dynamics 365 Finance – Completed 

    When running a depreciation proposal for a set fixed asset and date, the system allows users to re-run the depreciation proposal for the same fixed asset and date and allows the same entries to post causing duplicate entries in the Fixed Asset. Depreciation” type transaction for one asset can be posted twice for a particular period.

    System should mention a warning/error message while posting more than one Depreciation type transactions for the same date and same fixed asset.

  • "Use fiscal data from the invoice account" should be available for all countries not only for Spain

    Fri, 23 Feb 2018 20:22:54 GMT – Dynamics 365 Finance – Completed 

    Feature Use fiscal data from the invoice account should be available for all countries, not only for SPain.

    It is a great feature and it is configurable, so don't understand why this feature is not available for the rest of the countries.

    It is for Accounts Payable and Accounts Receivable.