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Reply from pankaj83 on Sep 29 at 6:28 AM Hi Ron
Thanks for your response. You have mentioned 'Theoretically, your group currency (local currency 2) can act as your functional currency, but you would really have to evaluate your period-end currency valuation adjustment process. I do not recommend this approach'.
Can you pls explain this statement? According to me if my 'Company Code' currency is NGN & 'Group currency' is USD then it is anyhow going to be valuated or translated. That means even if functional currency is 'USD' then it should not bother while doing valuation or translation.
Please advise.
Regards
Pankaj
| | | ---------------Original Message---------------
From: pankaj83
Sent: Friday, September 25, 2015 3:50 PM
Subject: Functional Currency Configuration
Hi All
Can a functional currency & company code (local currency) differ? We have company in Nigeria which is configured as NGN as company code currency & USD as group currency. Now we got request that functional currency to be USD. How it will be configured? According to me company code currency=functional currency.
Regards
Pankaj |
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