Currency conversion in Controlling Area

Hi,
Does any body know where can I find any documents as to what all needs to be done in controlling area for converting local currency to euro? Or if somebody have the documents, please share it.
Thanks
SAP FICO

Hi,
Look at the documentation contained in the link below. You would see all you need to know for conversion of Local Currency to Euro for all areas, including controlling.
http://help.sap.com/saphelp_erp2005vp/helpdata/en/6e/b203d6f15111d1a5940000e835329b/frameset.htm
I hope the above helps.
DO not forget to award the points please.
Regards,
Jacob

Similar Messages

Currency in credit control area - Urgent !

Hi,
The client wants to change the currency in the credit control area from SIT (Slovenian Tolar) to EUR ( Euro). Can somebody list the impact of changing the currency in the credit control area.
Its URGENT !
Regards
Karpagam

Hi,
I don't think we can change the currency of Credit Control Area after the transaction data is posted. For the same Custome account part of the transactions will be in SIT and part of them in EUR. Even if it allows it leads to inconsistencies in the tables.
Check whether there are any OSS notes for changing the currency of Credit Control Area.
Probably, you can consider to set up a new Credit Control Area with EUR currency.
Thanks
Murali.

Change Currency Type in Controlling area

Dear Gurus,
We have the following settings in the customizing:
1 - OKKP - Currency Type 20 and Currency key "USD"and flag "Different Company Code Currency is Allowed" set;
2 - Object Currency WBS "10 Company code Currency" "BRL";
3 - OB22 - Currency Type 1st local currency "10 Company code currency -
BRL" and 2nd local currency "40 hard currency - USD";
We would like to change the Currency Type in OKKP of "20 Controlling area currency" for "40 Hard Currency" without modifying the currency key.
That impact this modification can be generate if in the Production System already exists real postings and Settlement to FI-AA?
Thanks,
Elza Silva
Message was edited by:
Elza Aparecida da Silva

SELF Solved.
Regards,
Sharvari Joshi.
Edited by: Sharvari Joshi on Aug 12, 2010 10:44 AM

Currency change in controlling area...

Dear All,
We are demerging one company code out of 8 company codes, There is one controlling area to that 8 company codes are assigned and that controlling area currency is NOK, we demerged one company code out of 8 and put in another server and this company code currency is LKR, but controlling are currency is NOK, now client is asking me to change the currency to LKR, when i try to change system is throwing error, is it possible to change the controlling area currency after data is posted, if i change what will be the implications..
Regards,
Suresh Patipati.

Hi Suresh,
It is not possible to change the controlling area currency after data has been posted.
Regards
Sharabh Ivaturi

CJE0 Report in currency other than controlling area.

Dear PS friends,
As all PS Reports in CJE0 are in controlling area currency, if we want to have these reports in other currency then how we will go.If any one has gone through such problem , pl let us know the way.
Regards,
AS

I haven't tried it but below should be the process to report in diferrent currencies
Check if you have the All Currencies Indicator in the Controlling Area.
Also check the customising node CJEC (Currency Translation) and OB08 (Maintain Currency Exchange Rates)
In the reports choose from the menu Settings -> Currency to report in diferrent currencies.
Regards
Sreenivas

Maintain credit limit in different currency then Credit Control Area

Hi,
I have a several credit control areas, some in USD and some are maintained in Canadian dollars (CAD).
We would like the credit limit of all of these to be maintained in USD. For the CAD based CCAr's though, it reads the credit limit in CAD. How can we specify that the credit limits for these CAD companies are in USD?
Thanks,

hi,
this is to inform you that,
here you have two options basing on your useage of CCA:
1. centralised CCA: on credit limit you can mainatain collectively.
2.decentralised CCA: you can define credit data for your customer for each company code.
so please analyse where your process stands and
one answer commonly is OB08 - please maintain exchange rates against USD & CAD.
hope this clears your issue
balajia

Change currency in controlling area.

Dear All,
I want to change the currency in a controlling area (from RMB to INR). We use currency type 30. Company code currency is INR.
Are there anyone with experience in this. It seems like SAP will run a program to convert documents. Is it the YTD documents that will be converted?
Any help on this matter would be highly appreciated!
Best regards,
Ranjeet
Edited by: Ranjeetsingh Thorat on Sep 5, 2011 7:31 AM

Hi,
Controlling currency change but error in other transaction like migo, cost run, stock upload, So not suggested to change controlling currency .
Regards,
Ranjeetsingh

Controlling area currency - urgent

Hi,
In a project we are using Controlling Area Currency as INR. As our group company is europe based they want us to change to EUR. We are also using PCA where currency is INR. I want to know the pros and cons of changing the same to EUR from INR.
Bye,
Ramesh

Hello
Check this if it could help you
When you create a controlling area, you specify whether the controlling area currency may differ from the company code currency, and which particular currency is to be the controlling area currency.
You can use the company code currency or the currency of a different organizational unit recorded as a parallel currency in the company code. You can also use a separate controlling area currency not dependent on the company code currency.
Cross-company code cost accounting can therefore be performed for company codes that use values recorded in different currencies. SAP recommends that you specify a consistent parallel currency for the company codes, and use this as the controlling area currency. In this case, postings in Controlling are made that are relevant for Accounting.
The following currencies are valid in Controlling:
· Controlling area currency
The system uses this currency for cost accounting. This currency is set up when you create the controlling area. It is based on the assignment control indicator and the currency type.
(see: Specifying Controlling Area Currency )
· Object currency
Each object in Controlling, such as cost center or internal order, may use a separate currency specified in its master data. When you create an object in CO, the SAP system defaults the currency of the company code to which the object is assigned as the object currency. You can specify a different object currency only if the controlling area currency is the same as the company code currency. There is an object currency for the sender as well as one for the receiver.
· Transaction currency
Documents in Controlling are posted in the transaction currency. The transaction currency can differ from the controlling area currency and the object currency. The system automatically converts the values to the controlling area currency at the exchange rate specified.
The system always translates actual data with the average rate (exchange rate type M).
You store the exchange rate type for each currency. You can specify a different exchange rate type for planning data in the version.
All three currencies are saved in the totals records and the line items. This enables you to use the different currencies for evaluations in the information system. This is only possible if you specified that all currencies should be updated for the given controlling area (see: Maintain Controlling Area).
The transaction currency is USD, the controlling area currency is EUR, and the object currency is SFR (Swiss francs). The system converts the amounts as follows:
1.) From transaction currency to controlling area currency (USD ® EUR)
2.) From controlling area currency to object currency (EUR ® SFR)
The following additional currencies may also appear as controlling area currencies in Controlling if you use cross-company code cost controlling:
Local Currency:
Company code currency (country currency) used for local ledgers in external accounting.
For each company code you can specify one or two parallel currencies (= second and third local currencies) which are stored in the documents and updated parallel to the local currency in the general ledger.
Group Currency:
Currency in which the group balance sheet is displayed.
You can specify it as a parallel currency (additional local currency) for a company code.
Hard Currency:
Secondary currency for countries with high inflation. You can specify it as a parallel currency (additional local currency) for a company code. You need to specify the hard currency in the detail screen for the corresponding country.
Index-Based Currency:
Country-specific, fictitious currency stipulated in certain countries with high inflation for tax returns. You can specify it as a parallel currency (additional local currency) for a company code. You need to specify the index-based currency in the detail screen for the corresponding country.
Global Company Currency:
Currency used in a corporate group. In the CO application component you can create companies to represent divisions, regions, or product groups.
You can specify it as a parallel currency (additional local currency) for a company code. You need to store the global company currency in the detail screen for the corresponding company.
For more information on defining parallel currencies, see Customizing under Financial Accounting ® FI Global Settings ® Company Code ® Parallel Currencies ® Defining additional local currencies.
Reg
*Assign points if helpful

Is new Controlling Area reqd if New Comp Code is opened with diff Currency

Hi
Is it required to open a new Controlling Area if we are going to open a Company Code in a different country which has a different currency than the Controlling Area currency ? If we keep the same Controlling Area, will we be able to do budget tracking through internal orders ?
regards
Parag Bhargava

Dear Mr. Srikanth
We have tried that option, but we want the display in the screen of S_ALR_87013019 itself, since it gives a summary of Budget, Actuals, Commitment and what is the available amount. The line items report KOB1 and KOB2 give the individual details of Actuals & Commitment items, but we are not able to see the "Available Amount" in a summarised manner
regards
Parag Bhargava

Change Currency Key in productive Controlling Area

Hello,
We have a productive Controlling Area swicht with assignment control "Cross-company-code cost accounting" and Currency key "Company code currency" (10). Now we have joing another company code, but it use another local currency.
It is possible change the Currency key from "Company code currency" (10) to "Controlling area currency" (20) where the Controlling area is productive?
Thank in advance.
Sergio

Hi
Certainly you can not do this... You will have to go for SAP's SLO service
Create an OSS msg.. Only SAP can do this.. It is a chargeable service
Regards
Ajay M

AuC requires an area in the controlling area currency EUR

Hi,
In our new business scenario we have one country in Europe which uses currency EUR and another country is Morocco which uses currency MAD. We have concept of Alternative Chart of Accounts for Morocco statutory requirement and primary chart of accounts is Spain. There is a one controlling area and two different company codes for two different countries. In Controlling area our configuration is Currency Type - 20(Controlling Area Currency), tick the check box of Diff.company code currency and curency is EUR. While I am creating Internal Order for CWIP asset of Spain where currency is EUR I am not getting problem of crating CWIP asset through KO01.
While I am creating Internal Order for CWIP asset of Morocco where currency is MAD I am getting problem of creating CWIP asset through KO01. Error shows as :
AuC requires an area in the controlling area currency EUR
Message no. AY310
Diagnosis
The controlling area currency EUR is not managed in any of the areas of the asset under construction that is to be created. However, this currency is required for the capital investment measure.
System Response
Error message: Creating the AuC or releasing the order/ WBS element is not possible; or changing the asset under construction is not possible.
Procedure
Check if you manage the controlling area currency in one of the depreciation areas in Asset Accounting, especially in asset class M999. If you do not, then define such a depreciation area. Make sure that this depreciation is active in asset class M999.
You can save the order / WBS element if you remove the investment profile that was entered.
u2022 If you are in the 'Change asset' transaction, check if you have deactivated a depreciation area that manages controlling area currency EUR. Re-activate this depreciation area.
What will be the probable solutions ?
Best Regards,
Samrat Roy

HI Samrat Roy
Is it your Chart of Accounts & Fiscal Year is the same for both Company Codes?
Is your Chart of Deprecaition is same for both company code?
And finaly Maintain 2 Deprecaition areas for 2 different types of Currency.
Let me kown furhter proces
Regards

Company code currency and controlling area currency

Hello gurus,
I have doubt can any body clarify me
My company code currency is INR where as my controlling area currency is EUR. now my question is controlling gets all the data from functional modules like FI,MM,SD.. all the modules are maintained in INR ( Company code currency).
but my controlling area is currency is EUR.
Because of the above scenario what is impact
Regardsm
sankar

Hello
I have almost similar question...
When executing a profit center report for a company code with another currency (SEK) than the Controlling Area currency (DKK) I get the figures in DKK. When executing a Cost Center report for the same area I get the figures in SEK because of 'Object currency' in RPC0.
Will I not be able to get data in Profit Center reports in SEK without make a currency 'translation' where I have to choose an Exchange rate type and date?
Thanks in advance
Best Regards
Søren Kirch
LOGSTOR

Controlling area currencies

What is the Importance of   All currencies and Variance and CC Validation In Controlling Area Creaction Under Activate Components/Controlling Indicators.

Hi ,
In CO, you specify in the year-dependent settings for the controlling area (Transaction OKKP whether you want to use one or more currencies (flag "All currencies", TKA00-ALLEW).
If you decided to use one currency only, all documents are only managed in CO area currency.
If you decided to use several currencies, the following three currencies are managed in CO:
    1. Controlling area currency
       The controlling area currency can be:
       - 10 company code currency (only if all company codes assigned to CO area have the same currency)
       - 20 free controlling area currency
       - 30 group currency
    2. Object currency (defined per object)
As a rule, the object currency is the company code currency. Only in one case the object currency can be freely chosen, that is, if flag "different company code currencies allowed" is not active. This flag is set automatically if CO area currency is not 10 and cross-company code accounting is set.
    3. Transaction currency (could be different in every posting).
Regards
Bharti

Currency conversion with different currency and company code

Hi all,
how could it be done if in the report different currencies have to be managed / displayed?
The InfoObject 0Comp_Code has to be handled for example with different currencies. There are different company codes available and their currency should be converted in the query. But for example we have different currencies like dollar, yen and euro. So the currency should be dedicated correctly.
And the credit control area (the highest level in organisation) has only Euro.
The data (currency) of credit control area and company code in the cube is available only in Euro at the moment.
I thought it would be more flexible when the conversion is done at query level then at transformation level. We have filters in the query and the query is very fast. Is it also possible to include a currency for selection in filter?
Thank you in advance for your help!

Hi,
Yes, it is possible to have a filter for selection of target currency if multiple currencies are involved. However, you would need to define a currency translation first in RSCUR. Here, you can specify EUR to be the fixed source currency & a variable in case of target currency which will be used as a filter for user input when the query is executed. You also need to have a reference date (exchange rate date) & a exchange rate type (avg. mthly rate, daily buying rate etc.) associated with the currency translation.
--Priya

Planned cost Currency conversion

Dear All,
We have 7 company codes, one of the company code currency is AED & the base currency or the controlling area currency is KWD, While executing certain reports like CJE0, the report by default appears in KWD & then through currency translation we see the report in AED, suddenly the reports are showing figures in AED on investigating I could trace that from KWD to AED, instead of dividing the system is multiplying....
any idea from where to change the currency calculation ...
your immediate reply will be helpful.
Thanks.
Sunil.

HI,
first check the FX rate types involved (maybe "M" and "P") and check the FX rate maintained for this FX rate types.
This is T-Code OB08, maybe the from/to relation is maintained in the wrong way. Example: It should be: 1 KWD = 2 AED but it is maintained as 1 KWD = 0,5 AED.
Best regards, Christian

Currency conversion in Controlling Area

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