In SAP Financial Accounting, foreign currency valuation on general ledger accounts is performed for which types of G L accounts within a company code?

Introduction / Context:
Foreign currency valuation in SAP Financial Accounting is a periodic closing activity that adjusts open items and foreign currency balances so that they reflect the current exchange rates in the company code local currency. The system revalues selected general ledger and subledger accounts at period end in order to comply with legal valuation requirements and to present a realistic financial position.

Given Data / Assumptions:

• We are working inside one SAP company code with a defined local currency.
• Some accounts are managed on an open item basis and contain items posted in foreign currency.
• Certain general ledger accounts use an account currency that is different from the local currency.
• Foreign currency valuation is run with the standard valuation program for balances and open items.

Concept / Approach:
SAP distinguishes between open item managed accounts and balance sheet accounts that hold foreign currency balances. The valuation program must cover both types in order to revalue open items as well as foreign currency balances in general ledger accounts. The key idea is that valuation is needed whenever there is a foreign currency amount that affects the financial statements in local currency.

Step-by-Step Solution:

Verification / Alternative check:
In customizing you define valuation areas and assign account determinations that clearly reference open item accounts and foreign currency general ledger accounts. When you execute the valuation run, the log shows postings for customer, vendor, and other open item accounts, as well as postings for foreign currency G L accounts such as bank accounts in foreign currency. This confirms that both groups are affected by the valuation process.

Why Other Options Are Wrong:
Option A mentions only open item managed accounts and ignores foreign currency balance sheet accounts, so it is incomplete. Option B includes only accounts whose account currency differs from local currency and ignores foreign currency open items, which again is incomplete. Option C is too broad, because accounts in pure local currency without foreign currency exposure do not require valuation. Option E is too narrow and also excludes customer and vendor accounts that are open item managed, which are a major focus of valuation.

Common Pitfalls:
Learners sometimes believe that only customer and vendor accounts are subject to foreign currency valuation, but bank accounts and other foreign currency balance sheet accounts must also be revalued. Another common mistake is to assume that open item management alone is enough, even if the account is kept only in local currency, which is not correct for foreign currency valuation.

Final Answer:
The correct answer is All accounts managed on an open item basis and all accounts whose account currency differs from the local currency, because foreign currency valuation must cover both foreign currency open items and foreign currency balance sheet accounts within the company code.