IAS 21 settings in S/4 HANA Group Reporting for Monetary and Non Monetary Items?

[rchalla5112]

Hi Experts,

We have a requirement to implement foreign currency transactions and foreign operations as per IAS21.Please find the below requirement. Could any one please suggest us a solution in Implementing the IAS 21, do we need to do any settings in S/4 HANA to pick the different Currency Exchange Rates when the Transactions like (Ex: Purchase of Goods, Loans taken in foreign currency and at the time of settlement etc.). Could any one also let me know the settings in Group Reporting.

Regards.

[MartinJul]

Hi Krishna,

I think you can find the answers for all the questions in sap help:

https://help.sap.com/viewer/4ebf1502064b406c964b0911adfb3f01/1909.002/en-US/1eac9a4436204081956213fb...

The standard periodic currency conversion should do just fine. It translate PL and BS movements at periodic average rate (typical monthly average). Adjustments from average to closing rate is posted as currency adjustment. Historic Cost is delivered as well in this method. It is defined on FS item how each account is treated. If you have experience with SAP BPC this method should be familiar.

If you have a special requirement to use daily rates SAP delivers this in method Y0902 (S4 Accounting GC). But you need to consider if this is needed for your specific scenario. Especially you need to consider how to treat balance sheet items.

Br

Martin Jul