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

Forex conversion in product costing by production order

Hi All,

We have one controlling are for all company codes, Controlling area currency is different to the company codes, our controlling area currency is (USD) Group currency, company code currency is MYR

In t code OKEQ maintain plan/actual version" maintain exchange rate type 'M' for controlling area forex calculation.

But system is using forex conversion by exchange rate type 'P' to show the production order cost in MYR to USD.

But client want to use exchange rate type 'M' for type of conversion in product costing.

Please give me your valuable answer for above issue.

Regards

Bhaskar

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Best Answer
    Posted on Jan 20, 2012 at 11:18 AM

    Hi,

    In costing, the exchange rates are converted according to the exchange rate type that has been defined in the Customizing of the costing version (txn OKYD).

    If no exchange rate type has been defined there, the system will take the exchange rate type that has been determined for the CO version of the fiscal year (txn OKEQN).

    If no exchange rate type has been defined there as well, the system will take exchange rate type 'M'.

    With the help of this exchange rate type, all costing items, that still do not have prices in both currencies, will be converted.

    However, there is one exception: internal activities have already got prices in both currencies. The currency conversion always takes place at the date of activity type planning (with the exchange rate type of the CO version of the fiscal year).

    For more infomation, please review the note 211083.

    regards

    Waman

    Add a comment
    10|10000 characters needed characters exceeded

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.