How to Comply with IAS 21 When You Record Foreign Currency Transactions

How to Comply with IAS 21 When You Record Foreign Currency Transactions

Reading time: 20 mins

Learn how to set up foreign currency valuation and foreign currency translation in SAP ERP Central Component (SAP ECC) 6.0 following the rules prescribed in International Accounting Standard (IAS) 21. The rules apply to organizations following a dual reporting format (i.e., reporting as per International Financial Reporting Standards [IFRS] and local US Generally Accepted Accounting...

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