on 04-24-2007 3:54 PM
Hi All
Can any one explain the significance of T.Code oc47
Regards
Sandesh.
Hi,
OC47 is used to maintain Exchange Rate Types
Definition
Key used to define exchange rates in the system.
Use
You can define different exchange rates for each currency pair. You then differentiate between these exchange rates using the exchange rate type.
You need different exchange rates for the following purposes, for example:
Valuation
Conversion
Translation
Planning
The following exchange rate types exist:
Buying rate
Bank selling rate
Average rate
For posting and clearing, the system uses the exchange rate type M (average rate). This exchange rate type must be entered in the system and you must also enter the exchange rates for this type.
Please assign points if useful
Thanks, Ashok
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Hi
T.code OC47 Set Up Exchange Rate Type for the purpose of Special purpose ledger.
IMG Menu Path is as below :
Financial Accounting -> Special Purpose Ledger ® Periodic Processing -> Currency Translation -> Set Up Exchange Rate Type
Regards
A
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