Skip to Content
author's profile photo Former Member
Former Member

[FI/CO] Conversions from FI to CO

Hello,

I wanted to ask you if there is impacts by having for example Company code currency (10) in EUR and Controlling Area in USD.

Is there an issue by converting EUR to USD in our case ?

Thanks a lot.

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

3 Answers

  • Posted on Dec 10, 2014 at 06:30 PM

    Hi Abdel,

    Please go through SAP's OSS Notes on Local Currency Conversion or Changeover. You may need to contact SAP for LCC authorization key as well.

    Please let me know if you need any further clarification.

    Thanks,

    Sitaram

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Dec 11, 2014 at 04:18 AM


    Hi ,

    Also , Go through SAP note on Controlling area currency : 119428.

    Usually, the controlling area currency type will be 30(Group currency) which will be same as Group currency of all company codes in FI. (local currency of LE's can be different).

    Cheers,

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Dec 11, 2014 at 10:18 AM

    Thanks a lot for your answers.

    I have red the note and it gives the rule you have written : Group currency (30-FI) has to be the same as Controlling Area Currency (20-CO) to avoid errors in data transmissions.



    Question: How do currency types 20 and 30 (group currency) relate to each other?

    Answer: Currency type 20 is only known by cost accounting, whereas currency type 30 is known generally in Financial Accounting. Therefore, data transmission via the modules CO, AM, and FI works without any difficulties if type 30 is used by all. Otherwise, difficulties can arise if, for example, AM expects 30=USD but receives 10=USD and 20=USD with different values from CO for the settlement.



    Do you think there are other point to consider about the company code currency and the link with CO or not ?

    Because I guess that the posting is done in FI and automatically posted in CO. If the company code currency is in EUR and Controlling Area in USD, what is the process ?

    Thank you

    Add a comment
    10|10000 characters needed characters exceeded

    • Former Member Ravish Prabhu

      I have checked, the group currency is USD.

      I have made a scenario where :

      - in MM, we have a stock of 10 000 USD - today

      - Then, converted to EUR in FI, with an exchange rate of 1USD = 0.8E - tomorrow => 8000E

      - Then converted to USD in CO, with an exchange rate of 1USD = 0.9E - in two days => 8889USD

      So, I will have an amount complety different between MM and CO ?

      Is my example relevant or not ? Considering the fact that we have a group currency is USD.

      It is difficult to imagine the all process.

      Thanks a lot

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.