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What is - LC, GC & TC

Hello All,

Would be glad if the difference b/w the

Local currency, Group Currency and Transaction currency is explained and what are the technical field names for these from BSEG table ex. DMBTR, WRBTR, DMBE2 etc.

Thanks,

- PSK

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3 Answers

  • Posted on Feb 15, 2005 at 02:54 PM

    Hi!

    Local currency refers normally to company, transaction is currency of document and group might be something over company level - but names are sometimes used for different currencies depending on transaction.

    To get an overview, enter SE11 BSEG and look at tabstrip Currency/Quantity Fields. There you will see to each currency amount field linked currency field (and get already a hint of meaning, if it's T001-WAERS -> company code's currency).

    Regards,

    Christian

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  • Posted on Feb 15, 2005 at 03:12 PM

    Hi,

    -> it's better to explain with FILCT or GLT0:

    LC - HSLXX (BSEG-DMBTR)

    TC - TSLXX (BSEG-WRBTR)

    GC - KSLXX

    Regards Andreas

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 15, 2005 at 03:43 PM

    Hello Sravan,

    <b>Local Currency:</b> The currency that is defined for the Company Code (in SPRO).

    <b>Group Currency:</b> Currency defined for a consolidation group.

    A group currency is used in the consolidated financial statements.

    Before the consolidation process can be completed, all values in the individual financial statements must be translated from the local or transaction currency into group currency.

    <b>Transaction Currency:</b>

    The currency in which a business transaction is processed. This can also be looked at as the currency in which an individual document is posted.

    Hope that helps,

    Regards,

    Anand Mandalika.

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