Hypertext: Object Class - Class to which a document belongs.
Document Name
SIMG_OHCMP_2510
In this step, you determine which currency you want to use as your reference currency for budgeting.
Note
You should not change the reference currency for a budgeting period once you have defined it as this could cause problems for budgets that have been created.
Example
The headquarters of your organization is in the United States, but you have subsidiaries in Germany and Great Britain. Headquarters controls the budget planning and therefore, the reference currency is USD. The budgets for the subsidiaries are, however, created in DM and pound sterling respectively. When you run a consistency check, the system converts all budget amounts into USD and displays how much has been distributed and how much is still available in USD. The budget amounts for the subsidiaries are displayed in the chosen national currencies.
Requirements
Standard settings
Recommendation
Activities
Determine which budget periods you require in your organization and in which currency they should be calculated in.
Enter a validity period
Enter a currency
Repeat steps 2 to 4 until you have defined all necessary budget periods and their respective currencies
Hierarchy 
SAP_HRRXX (Software Component) Sub component SAP_HRRXX of SAP_HR
PA-CM (Application Component) Compensation Management
PCMC (Package) Customizing Compensation Management
IMG Activity 
Document 
History 
