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Clarification about multi currency

Former Member
0 Kudos
59

Hi,

We have 3 legal entities and using multi currencies and also consolidation. Now my doubt is -

Do i need to create 3 differant controlling areas for 3 company codes which has differant currency? how can i go about multi currency requirement. please provide me if any pro and cons are there.

Thanks

Bobby

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hello,

No need to define multi controlling areas unless and untill you are using differant fiscal year variants. If you are using same fiscsal year variant for all company codes, you can give the group currency in controlling area settings. It will be fine.

Thanks

Kishore Babu

Answers (1)

Answers (1)

iklovski
Active Contributor
0 Kudos

Hi,

There are no pure 'pros and cons'. It's all dependent on your reporting requirements. Normally, you wouldn't have to define 3 separate controlling areas, since you have an option to define CO area currency differently from the CCode currency.

Please, look at this link for further understanding:

http://help.sap.com/saphelp_erp60_sp/helpdata/en/08/513fa643b511d182b30000e829fbfe/frameset.htm

...and particularly this one:

http://help.sap.com/saphelp_erp60_sp/helpdata/en/08/51413143b511d182b30000e829fbfe/frameset.htm

Regards,

Eli