Hard currency VS comapny code currency for local/statutory reporting

[t123455]

Hi all,

my client is merging 9 new company codes to the S/4 hana. Due to reporting purpose, they wants to have local currency (10) USD for all the co. codes and as hard currency (40) they wants to have local currencies. Now my questions are-

1. If the local currency needs to be translated into the hard currency when preparing statutory reports, then we use local currency as company code currency (10). correct?

2. What will be the other affect if hard currency set as local currency apart from currency conversion?

3. Is Statutory Reporting allow Hard currency at all in S/4 Hana 2020 ?

4. (Applicable If Answer for Q.3 is yes) If we change the already assigned Hard currency (40) for Argentina which is defined as USD, what would be the effect in long term?

Thanks in advance,

Mira

[Paulo_Vitoriano]

Hi Mira,

It might be more logical to use USD for the Group currency (30) and keep currency 10 as a local currency.

Note that additional currencies (if you plan to use one of 8 freely defined currencies) are available only in ACDOCA table, but you need your local currency in CO reports that read from CO tables.

Regards,

Paulo