Local Currency vs Document currency

Hi,
I have a question,
what is the difference b/w Local Currency and Document Currency.
Thanks,
Pria

HI Pria...
Local currencey is Company specific...for different companies there will be different local currency...
Document currency is related to FI...Currency in which a document is posted........
And as per SD.....Currency in which the total values in a sales and distribution document are calculated.
As per BI....
In SAP systems, every amount key figure is stored with respect to a currency key field. There are several
types of currency keys on OLTP data. The two most important currency types are the document (or
transaction) currency (BI InfoObject 0DOC_CURRCY) and the local (or company code) currency (BI
InfoObject 0LOC_CURRCY. The document currency is entered for each posting transaction of an OLTP
document-type record (for example financial documents), whereas the local currency is uniquely assigned to a company code when the OLTP system is customized.
So, the local currency can be used as a common currency for cross-application BI reporting (that is a
common reporting currency). Besides the document currency, every record within the final InfoProviders of the BI system should contain the local currency and the corresponding amounts with respect to the local currency.
Check this...
https://www.sdn.sap.com/irj/scn/go/portal/prtroot/docs/library/uuid/dc43c445-0d01-0010-23a1-ca348ff5f975
Regards,
Debjani...

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    http://help.sap.com/saphelp_erp2004/helpdata/EN/a6/004940f0030272e10000000a155106/content.htm
    For More detailss:
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    Edited by: Ramakanth Deepak Gandepalli on Dec 9, 2009 11:52 AM

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