Freely-Definable Currency and Financial Statement Version (FSV) Setup

209 results

  1. Navigate the Complexities of Currency Conversion for More Accurate Management Reporting

    Since dealing with multiple currencies has become commonplace in a global economy, it’s no surprise that currency conversion is needed everywhere in global organizations that implement and run SAP software solutions. While currency conversion was mainly the purview of the ERP system in the past, ERP systems no longer carry that burden alone. Today’s managers...…

  2. Demystifying the Ledger, Currency Setup, and Currency Conversion in SAP S/4HANA Finance 1610

    See how the ledger setup, currency setup, and foreign currency valuation features have evolved with SAP S/4HANA Finance 1610. This will help you evaluate if the new features can be used by your company. Key Concept SAP S/4HANA Finance 1610 offers a new feature called a simulation extension ledger.  The simulation ledger is a category...…

  3. Unearth the hidden secrets of parallel currencies in SAP ERP Financials

    Functional currency. Group currency. Hard currency. Index currency. Controlling area currency. Ledger currency. Global currency. Add to these the complexities associated with parallel valuations — such as legal valuation and group valuation — and it is easy to see why currencies are one of the most misunderstood (but also most powerful) features of SAP ERP…

  4. Nine Tips for Dealing with Zero Decimal Place Currencies

    The U.S. dollar, like many of the world’s currencies including the euro, uses two decimal places, which – not surprisingly – is the default setting for R/3. When you roll out your SAP functionality across geographies, however, you may run in trouble coping with currencies with other decimal-place demands. The author provides tips to help...…

  5. Plan Your SAP S/4HANA Finance Implementation with an Understanding of Multicurrency Architecture

    Learn about the multicurrency architecture in SAP S/4HANA Finance and discover how to set up the right solution design aligned to Generally Accepted Accounting Principles (GAAP), external reporting, and internal management reporting needs. Key Concept In both the classic General Ledger and the SAP General Ledger, you can define three parallel currencies in FI, two...…

  6. Technical Guide: Add Currencies using S/4HANA Finance 1809

    Traditionally, once you have gone live in a production system, the SAP system gives you a warning message (Figure 1) when you try to add a currency in the ledgers definition, and you then need SAP System Landscape Optimization (SLO) service for such a change in your currency setup. Figure 1 – Issue when adding…

  7. Demystify Parallel Valuation and Analyze Value Flow of Materials Across Plants or Legal Entities

    In a product cost controlling implementation, you may consider implementing the material ledger with parallel valuation — the recording of inventory values in a separate valuation view — whenever business requirements related to group and legal cost, transfer pricing, or group and legal valuation are planned. This approach demands a high degree of business process...…

  8. SAP S/4HANA Finance 1610

    SAP S/4HANA Finance 1610 provides users with the flexibility of using two main currencies plus eight freely definable currencies. The translation of the user-defined currencies, whether real time or not, is based on the currency configuration completed after executing transaction code FINSC_LEDGER. The eight freely definable currencies allowed by SAP S/4HANA Finance 1610 are available…

  9. Foreign currency concept

    Freely-Definable Currency and Financial Statement Version (FSV) Setup

    Reading time: 10 mins

    Global SAP customers often need operational currency that differs from the national currency their legal entity(s) resides in. To reconcile this discrepancy, SAP customers have, in the past, created mirror company codes, used special ledger, or performed currency conversion/translation in a data warehouse (i.e. SAP BW/BPC) to support their reporting needs. According to delaware Consulting,…

  10. Learn How to Maintain Parallel Asset Values and Post to the SAP General Ledger

    Learn how to manage parallel values in SAP Asset Accounting using depreciation areas. Follow a discussion of parallel posting to the general ledger with the use of additional general ledger accounts. Key Concept SAP Asset Accounting (FI-AA) provides functionality to manage parallel asset values. In FI-AA, asset values are managed in parallel using a structure...…