Changeover in Funds Management (FI-FM) 

Purpose

When you change over from national currencies to the euro, all currency data in the system is converted. To do this, the system uses the fixed exchange rate for the conversion package. After conversion, the amounts converted only exist in the system in euros.

Prerequisites

The data to be converted must be consistent. For this reason, you must run the Funds Management reconciliation report program before you change over to the euro, and correct any inconsistencies the program finds.

Process Flow

The euro changeover passes through the following phases:

  1. In the preparatory phase, you must ensure all the prerequisites for the actual conversion are met. In Funds Management, this means ensuring that the data to be converted is consistent.
  2. The actual changeover takes place with the help of the R/3 changeover package and runs for Funds Management automatically, as part of the central changeover.
  3. After the changeover, you may need to carry out further clean up work due to rounding differences. When the changeover is complete, you should run the two reconciliation programs in Funds Management.

For more information, go to the European Monetary Union: Euro IMG and choose Local Currency Changeover ® Cleanup ® Cleanup in Financial Accounting (FI) ® Cleanup in Funds Management (FI-FM).

Funds Management data which was archived in an old currency must not be reloaded into the system after the changeover. The system does not convert this data if you reload it and would write amounts in the old currency in the data fields now maintained in euros. Exception: You convert the data into euros using a program you write yourself before you reload it.

The following graphic shows the process of local currency changeover for Funds Management:

Result

The system converts all FM area currency amounts in Funds Management into euros. The process covers the values in the following tables:

Funds Reservations

KBLP, KBLPW, KBLE

Fiscal Year Change

FMCFAB, FMCFABS, FMCFAA, FMCFAAS, FMCFBPAKS, FMCFSI

Revenues Increasing the Budget

FMDECK3

Budgeting

BPEG, BPEJ, BPEP, BPGE, BPJA, BPPE, TBPFE

Recording Data

FMIA, FMICOIT, FMIFIIT, FMIOI, FMIT