Announcement:
wanna exchange links? contact me at sapchatroom@gmail.com.
Posted by
Admin at
Reply from Ron Roberts on Sep 29 at 9:29 AM Hi Pankaj,
If your group currency (USD) is your functional currency, then the values posted at the time of accounting document creation should not change. Therefore, a period-end valuation from LOCAL (NGN) currency to GROUP currency should not be done except for those balance sheet accounts that are subject to currency exchange risk. An example would be an accounts receivable account where the billings are in NGN and the collection is in NGN. Or a bank account that is NGN denominated. These types of balance sheet accounts will result in REALIZED functional currency (USD) gains and losses.
Ron
| | | ---------------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 |
| Reply to this email to post your response. __.____._ |  _.____.__ |
