Difference between Foreign Currency or Multi Currency

Hello, can someone tell me the difference between using a Foreign Currency in a BP, and using the Multi-Currency option? Does this affect also de Copy Exchange Rate From Base Document option?
Thank you.

Hi Jose,
please see this Expert Empowerment Session:
[Exchange Rates when copying from base to target documents|https://psd.sap-ag.de/PEC/calendar/html/recording.php?hck=e5397f14c44f8df754617194051dab1ad38f59f08580406c2efd59aa4c0f71616713c2abe76bc503e08f2f5eda4863634f6fe99ad39d46c947c09623b91e53ca]
It explains how the functionality works.
All the best,
Kerstin

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DIFFERENCE BETWEEN SINGLE LEVEL AND MULTI LEVEL COSTING

Sir,'
Please explain the difference between Single Level and Multi Level Costing in Detail
thanking You

While using material ledger, we can use the single level or multi-level price determination for valuation of inventory.
Procurement processes are used in Product Cost Controlling to determine procurement costs and to present those costs. Purchase Order, for example, is single-level procurement and Production is multilevel procurement.
Single-level material price determination calculates the periodic unit price for a material. The standard price and the cumulative single-level differences of the period are taken into account. Single-level material price determination takes into account the differences that arise directly when a material is procured.
Multilevel price determination calculates the periodic unit price for a material. The standard price, the single-level differences cumulated in the period, the differences between planned and actual prices, as well as input material differences (multilevel differences) are all taken into account.
Single-level material price determination is a prerequisite for Multi-level price determination.

Difference between Foreign Currency Valuation & Translation

What is the difference between Foreing Currecy Valuation (FAGL_FC_VAL) & Foreing Currency Translation (FAGL_FC_TRANS) ?
help.sap.com

Hi,
Foreign currency valuation FAGL_FC_VAL is a place where we valuate the foreign currencies to the particular local currency and post the differences to either exchange loss or gain.
Foreign currency translation helps us to transalte the forein currency to loacal currency with out calculating the gain or loss derived from exchange.
Parallel currency can be valuated in T-cd:FAGL_FC_Trans.
Thanks,
Shilpa.A
Edited by: ashilpa54 on Mar 22, 2011 9:37 AM

Does setting multi currency and fixed foreign currency make a difference ?

Hi all,
My customer deals in foreign currency say USD, where as local currency is INR.
Now I want to know that what all difference SBO will make if in one scenario I set the Inventory GLs currency as Multi currency and in second scenario I set the Inventory GLs currency as USD ?
Regards,
Samir Gandhi

Hi Samir,
in essence, an account/BP that is set up as multicurrency (MC) is local currency (LC) in disguise. All transactions are held in the application in LC, the display is merely informational according to the exchange rate defined for the posting date. The reconciliation currency is LC.
A foreign currency (FC) account/BP will only accept transactions in this FC. The LC equivalent is automatically calculated, but the reconciliation currency is FC. Exchange rate differences are used to adjust LC according to the rate at the execution date.
If you use a particular bank account for trading with a particular foreign country, the account currency & the BP currency should be set to a single FC. If a particular bank account is used to deal with various BPs using various currencies, that account should be set up as MC, yet we would recommend you set the BP as single FC.
There are some relevant Expert Empowerment Sessions available in the archive:
[Exchange Rate|http://service.sap.com/~sapidb/011000358700000315572008E.zip]
[FC & SC are the same, why don't they match?|http://service.sap.com/~sapidb/011000358700000326672008E.zip]
Also, please have a look at the Expert on Phone Newsletter May2008:
[How to reconcile a foreign currency only journal entry for a multi-currency Business Partner|https://wiki.sdn.sap.com/wiki/pages/viewpage.action?pageId=25494259]
All the best,
Kerstin

Payment in other than functional currency and bank currency

Hi
I am working in a implementation project, i am facing one issue related to multiple currency transaction.
client is maintaining one bank account(USD) in other than functional currency(INR), that account they are using for making a payment in USD or other than USD(third) currency, so in case of payment held in third currency, conversion will happen between USD to third currency, hence there is no functional currency is coming in conversion and at bank account level multiple currency check box can not be enabled due to bank account currency is other than functional currency.
Could you please help me out on this issue.

Hi Kiran
Thanks for your reply
I am required Little more help on this, please find the bellow example
Example
Ledger/functional Currency is INR
bank currency is USD
Currency conversion rate has been defined for the currency
invoice is created in GBP, payment need to be make in GBP currency from USD account, because USD$ use for the GBD conversion, now my concern is bank is in USD currency that is other than functional currency, hence multi currency check box can not be enabled, since functional currency is INR so all transaction should be convert to INR for accounting and as multiple currency not allowed at bank therefore enable to make payment from same bank.
Thanks
Tarun

What is the difference between message and multipart message?

Does the multipart message type provides the flexibility that the schema assigned to it can be changed later on?
Suppose if a message is assigned with the schema directly, can it not be changed(adding, deleting elements,etc)
once deployed.
If the receive port is set to message box, should the receive shape be assigned with multi part message type or just with a message where a schema is assigned directly.
what should be done if the input schema which is not a multipart message type changes after deployed?

Thread Question: Technically, there is no difference. All messages are multi-part. The 'single part' type in the Orchestration Designer is just a convenience offered by the Orchestration Designer, the underlying type is the same for both.
First Question: The difference you see is that the Orchestration Designer does not enforce the Body part Type on Port bindings because it it abstracted by the Multi-Part Type, which, yes, means you can change Body Part Type without having to unhook the Port
and Receive/Send Shapes.
Second Question: You can make any change to a Schema, except the Root Node Name and Namespace, without affecting the Message variables or Port types at all. So yes, you can add/remove/change elements without even opening an Orchestration.
Third Question: There's really no difference because outside of the Orchestration Designer, there is no difference between the 'single' and Multi-Part Message type. You will always get a filter on the Body part MessageType.

Difference between F.05 and FBL3N amount in local currency

Hey all,
There are difference between standart reports F.05 and FBL3N amount in local currency. Amount in Foreign currencies are the same. What could be the problem?
Thanks,
Esin

FBL3N show you the balances as per the exchange rate of Posting date of the document.
F.05 show you the balances as per the exchange rate of valuation key date.
Also exchange rate type might be different for foreign currency valuation.
Rgds
Murali. N

SSRS expression for difference between two currency values

Hi All;
I need to get the difference between two currency values
Below is my report
I need to get differene between Actual Income and Profile Income and this value should be in "£" In this example it should be £0.00
Any help much appreciated
Thanks
Pradnya07

=sum(Fields!ProfileIncome.Value - Fields!ActualIncome.Value)
This could have either field first, but depends on which field is expected to be larger. You would then format the textbox to show in pounds.
HTH

FI Forex gain loss & Exchange Rate difference on Foreign Currency & Chart of Accounts

Dear All,
I have queries on following :
1) what is difference b/w Forex gain loss account & Exchange Rate difference on Foreign Currency account .
2) Under which Heads in Balance sheet they should come as per Indian Accounting Standards.
3) Are these accounts common for Vendor & customers or different.
4) they record FI data at Company code level or at sub-ledger level first (Vendor /Customer) .
4) Is it advised to use same Chart of Accounts to two companies in same country by using different GL's with different FSV?
Regards
MJ

Hi M J,
Please note the answers below:-
1. It is one and the same thing. When you say forex gain/loss account, it means a GL account and exchnage rate difference means, the difference in rates at which you purchased/sold and the rate at which you made paid/collected.
2. Ask Client where they want to show these GL's in Financial statement Version.
3. The configuration setting is in OB09 and SAP allows you to keep same or diff GL for both realised Exchnage rate gain/loss. It depends on how you want to see. technically it is possible.
4. The Valuation is done at company code level, but individual records are picked up at vendor/customer level. It means that the revaluation gain/loss adjustment is not given to each individual Vendor/Customer, rather it is posted to a GL - Balance Sheet adj.
5. Yes, you can use same chart of accounts and you do not need to create separate GL's at the company code level for two company codes. Same GL's can be used as the posting is made at Co. code level.
Regards,
Kavita
Note : Please raise separate thread for different questions. Your Point No. 5 is not related to the rest.

Unable to clear GL due to Val difference between Local and group currency.

hi,
We have an open item managed Revaluation G/L account in our company code which has a local currency USD.There are some documents posted to this account in both USD and CAD. But when we analyze the docs posted in CAD we found a valuation difference in the local currency(USD) and the Group currency(again USD). I am not sure of the reason for this. But due to this difference we are unable to clear this account. Please let me know if anyone can think of how to clear this particular GL account.
Rgds,
Raj/
Edited by: raj3875 on Oct 8, 2009 11:37 PM

We have an issue even with document currency in USD. there is a valuation difference between Local currency (USD) and Group currency (USD).
For example:
Doc currency = 0 USD
Local Currrency = 171,000 USD
Group currency = 0 USD
Because of this I am not able to clear the account. Not sure why there is a difference inspite of the same currency. I try to clear it in F-04 but I get the below error:
Posting is only possible with a zero balance; correct document
Message no. F5060
Regards,
Raj

Difference in between account currency and functional currency

Hi Sap Experts,
What is the difference in between account currency and functional currency.
In which table account currency and functional currency will be stored.
Regards,
Rajprabhakar
Moderator: Please, avoid asking basic questions

A Payer is the individual or company who settles the invoices foa a service or for delivered goods.
Whereas the account group determines:
Which screens and fields are necessary for entering master data
Whether you can or must make an entry in these fields
How master record numbers are assigned (externally by you or internally by the system) and the number range from which they are assigned
Which partner functions are valid
Whether the business partner is a one-time customer or one-time vendor.
Reward if useful.
Amruta

Difference between parent currency and parent in value dimension

Hi
Dear friends please tell me about following:
1.Difference between <Parent Currency> and <Parent> in value dimension and its significance.
2.Difference between <Parent Currency Adjs.> and <Parent Adjs.> in value dimension and its significance.
Thanks
Mayank
Edited by: mayanka bhusan on Jun 17, 2010 10:08 PM

When you have an entity which contributes to two or more parent entities, you can specify if an adjustment applies and contributes to all parent entities or the selected entity.
1. Create the adjustment to <Parent Curr Adjs> and the adjustment value contributes to all parents.
2. Create the adjustment to [Parent Adjs] and you can select which parent entity you want the adjustment value to contribute to.
<Parent Currency> is where the translation happens.
<Parent Curr Total> is the total of the translated value plus any adjustments applying to all parents -i.e. <Parent Curr Adjs>
[Parent] simply carries the <Parent Curr Total> numbers to the next level of the value hierarchy
[Parent Total] is the total of the previous level plus any adjustments applying to the specified parent -i.e. [Parent Adjs]

Difference between transaction currency and document currency.

Hi All,
Would like to know the difference between transaction currency and document currency. If we want to draw both the figures from the GL account, which table can i use?
Thanks,
Mercy

Hey,
Having transaction currency and document curreny in one document would be strange.
Document currency is something you would see in a FI document, whereas transaction currency is part of a CO document.
In finance documents you would talk about document currenty and local currency for instance.
In CO documents, the currency field you can find are transaction currency, object currency en controlling area currency.
In most cases the document currency in FI would be considered the transaction currency in CO. The local currency in FI would be the object currency in CO.
Hope this helps,
Koen

Difference between stock currency and material currency

Hi all,
I have noticed there is difference in Stock currency and Material currency in MB5L(List of stock overview). Both stock vaue should tally every month. But it is showing difference for the last month.
Could anybody help me how to find out this difference, I have checked the MR21 already, But there is no price difference.
Any suggestions????????
Tx,
Veena

Hello,
Transfer posting may involve or not involve the physical goods transfer. In the system you might do transfer posting from quality to unrestricted, or from one store location to another.
In transfer posting you remove and or replace materials from storage in one storage location and place them in another storage location.
That transction code you use for transfer posting MB1B with following movement types may be used
301, 303,305,311,411,309.
301 is Stock Transfer Between Plants in One Step
303 & 305 : Stock Transfer Between Plants in Two Steps
In stock transfer, it always involves physical movement of goods, like transfer between plants under same company code or different company codes.
Following types are possible with STO's
Stock Transport Order Without Delivery
Stock Transport Order with Delivery via Shipping
Stock Transport Order with Delivery and Billing Document/Invoice
http://help.sap.com/saphelp_470/helpdata/en/4d/2b90dc43ad11d189410000e829fbbd/content.htm
Please go through attach SAP document
BR,
Tushar

Difference between currency , adjustment currency

Hi,
What s the difference between parent currency and parent adjust currency how this process will happens and what is output for this process.
thanks in advance
Regards
Skanth

<Parent currency> holds numbers that come from the following process:
1. Local currency (say Euro) numbers are loaded into the entity's accounts at the <Entity Currency> level
2. Users post journals to adjust the loaded accounts into <Entity Curr Adjs> (amounts still in local currency say Euro)
3. Both sets of numbers (the loaded ones and the adjustments) are summed up into <Entity Currency Total>
4. Numbers in the <Entity Currency Total> are translated to the parent currency (say USD) and the results are stored in the <Parent Currency>
So <Parent currency> holds your entity's (adjusted) financial statement translated into parent's currency (USD).
Now, the parent company may need to apply some further adjustments to the above numbers, so that it complies to its own reporting standards or to regulations followed in US that the original adjustments posted by the entity itself did not cover. It will do the thing by posting journal adjustments to the <Parent Curr Adjs> in USD this time. The two sets of numbers in <Parent Currency> and <Parent Curr Adjs> will be added up to form the <Parent Currency Total>. This set of numbers represents the financial statements of the Entity in parent currency (USD) and also adjusted to the US company's financial reporting standards. This set of numbers is now ready to follow the consolidation process.
However, your case may be simpler, for example both Entity and its Parent may use the same currency, and the same reporting or regulatory standards. In such simpler cases you may not use the whole functionality described above.

Difference between Foreign Currency or Multi Currency

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