Set parallel currencies in FI Financial Accounting
Customizing Activity
SIMG_CFMENUCX01_2411
Set parallel currencies in FI Financial Accounting
Document
Document Class
SIMG
Hypertext: Object Class - Class to which a document belongs.
Document Name
SIMG_CFMENUCX01_2411
In General Ledger Accounting you have the option of managing all company code values in parallel in the same accounts in up to three currencies. You define a currency by means of the following:
A currency type corresponding with the function of the currency (for example group currency)
An exchange rate type for translation
A base currency for translation
A date (for example document date) for translation
If group currency is used in parallel with the company code currency, the values in local currency and the values already translated are transferred to the Consolidation processing ledger. In Consolidation you can use the currency translation method to determine the financial statement items whose previously calculated group values should be kept for consolidation, and the FS items for which another translation should take place.
Activities
Specify whether the group currency will be used as the parallel currency on a company code level.
If you choose this, determine the currency type (group currency), exchange rate type, base currency and the type of date for translation.