The Impact of Global Inflation on Day-to-Day Operations in SAP

Reading time: 3 mins

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Key Takeaways

⇨ Inflation affects all countries, but some countries struggle with it more.

⇨ Organizations operating internationally must be aware of how inflation affects interest rates where they do business.

⇨ Local tax and accounting experts can help guide you through nation-specific regulations.

Inflation has been one of the biggest sticking points for businesses over the last year. In an increasingly connected global economy, no country is ever fully insulated from the effects of inflation on the price of goods, as well as how it alters interest rates.
In this article, SAPinsider expert Adrian Wilder will walk through the steps of ensuring that interest rate values are accurate and up to date. You will also learn how to define names of specific interest rates for different countries and set up this task to be completed automatically.
For specific countries where inflation is constant and reaches considerable figures, it is necessary to make the inflation adjustment for G/L accounts, fixed assets, and materials, according to international accounting principles at year-end.

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