Local Currency and Group Currency
Definition
Local Currency
Local currency for a consolidation unit.
If the local currency is not the same as the group currency, translation from the local currency to the group currency is required.
Group Currency
Currency for a consolidation group.
Structure
Local Currency
The local currency is a property of the primary consolidation unit . The local currency is
version in dependent
effective year dependent
Group Currency
The group currency key is a characteristic in the data basis .
You can have multiple group currencies in a version .
You must always enter the group currency key in reporting . This also applies to reports in the local currency .
Note
The group currency is not a property of the consolidation group.
End of the note.