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Translation from USD to INR for Group Consolidation

May 03, 2017 at 02:52 AM

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Hi Experts

My client has following requirement.

Client has head quarters in India and operations in U.S & Srilanka. Each country has 1 legal entity which is mapped as company code in SAP.

For Ind-AS requirement : Client wants to convert USD balance of its U.S based subsidiary into INR. At quarter end, for converting USD -> INR Weighted average rate & Closing rate should be used for P&L, B/S account respectively.

How can we achieve this in SAP ? I know that financial posting in USD will be converted to INR on real time basis using exchange rate type M and shown as LC2. But client wants to convert balances at quarter end using another exchange rate type.

Please suggest.

Regards

Kapil

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1 Answer

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Former Member May 03, 2017 at 04:24 AM
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Hi

if i understand correctly, you need this for reporting ? are you using sap consolidation solution ?

regards

srini

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We are not using consolidation functionality. I guess this is a separate module. Please elaborate. Will it require separate license ?

It is required to prepare B/S , P&L at quarter end for Ind-AS purpose.

Regards

Kapil

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