Net Monetary Position Profit/Loss Statement is located under Financial Table Definitions menu of General Ledger module. The purpose of this table is to determine losses incurred due to keeping monetary assets within any period and profits earned for being in debt, and calculate net profit/loss consequently.
In this window, user can add standard table definition and make changes upon this table, or s/he can make a specific definition by adding a blank definition. Standard definition has three levels, and this level is determined in filter lines. Both dates and restated values are displayed in columns.
- Net Monetary Position required for year-end is calculated as "P01+P02-P03".
- Net Monetary Position Profit or Loss item formula is " R01+R02-R03". "R" will give difference between line date and restated values. Thereby while "R01" gives difference between date and restated values of "Net Monetary Position At The Beginning of Period", "R02" gives the same information related to "Transactions Incurring Accruals on Net Monetary Position in Period", and "R03" gives difference between date and restated values of "Transactions Incurring Reductions on Net Monetary Position in Period". This also refers to the difference between date and restated values of "Net Monetary Position Required At The End of Period".
Net Monetary Position Profit or Loss item value will be listed in column adjusted in the 1st level.
"Inverse Balance: List" and "Transaction Type: Add" options will be displayed as default for groups and accounts.
Filters to be used when reporting this table are:
Fiscal Period | |
---|---|
Starting Report Month | Group / Range |
Ending Report Month | Group / Range |
Report Level | Group |
Listing | All / Has Transactions |
Report Heading | Heading entry |
Report Sub-Heading | Heading entry |
Table Heading | Heading entry |
Print Footnote | Yes / No |
Division Number | Defined divisions |
Department Number | Defined departments |
Overhead Pool Code | Group / Range |