Extra Functions (SAP Library - European Monetary Union: Euro (CA-EUR))

Extra Functions

Use

The functions for translating currency within Consolidation Reporting – from the original currency to euros prior to the changeover or vice versa after the changeover – is available in the following common R/3 reporting tools:

Interactive Drilldown (EC-CS)
Report Writer (FI-LC and EC-CS)

These functions are not available in:

Totals reports (FI-LC)
Journal entry (document) reports
Reports on additional financial data (list of ownership, investments, investee equity, equity holdings adjustments, hidden reserves (FVA), intercompany profit/loss in inventory/transferred assets)
The K3 form for the German foreign trade regulations

On the other hand, you can use the "normal" Consolidation functions in regards to the reporting currency (ledger currency) to:

Generate parallel euro closing statements even prior to the euro changeover
Copy the closing data in the original currency, to exclude the copy from the euro changeover by means of adjusting the package definition, and thereby retain the copy of the closing data for reporting in the original currency as long as this is required

Features

Euro closing statements prior to the euro changeover (FI-LC)

SAP recommends that you use the Report Writer to dynamically translate closing statement data from the original currency into euros. If you do not wish to do this and, instead, you want to create (parallel) closing statements with the euro as the reporting currency, you must perform the following steps:

1. You define a new ledger with currency type 80 and the currency euro.

2. You define a new version and make all of the special versions identical to the productive (live) version.

3. You assign all companies to the new ledger.

4. You assign the new ledger and the currency euro to all subgroups in the productive ledger (in the new version).

5. You copy the reported financial data and the standardizing entries in the totals database from the old ledger / old version to the new ledger / new version.

This activity copies the amounts in transaction currency and local currency. The amounts in ledger currency remain blank because of the deviating currency key–the ledger currency amounts are not translated.

6. You copy the additional financial data (investments, equity) to the new ledger and re-enter the group values in euros.

7. You perform the consolidation (currency translation, elimination activities) in the new version.

In general, this involves additional manual effort because the new ledger does not contain historical euro values or the consolidation effects of the prior years.

Closing statements in the original currency (e.g., DEM) after the euro conversion (FI-LC)

You need to perform the following tasks must be performed prior to the euro changeover of the productive ledger (using the example of DEM as the original currency):

1. You define a new ledger with currency type 80 and the currency DEM.

2. You define a new version, and make all of the special versions identical to the productive version.

3. You assign all companies to the new ledger.

4. You assign the new ledger and the currency DEM to all subgroups in the productive ledger (in the new version).

5. You copy the totals database from the productive ledger / productive version to the new ledger / new version for the desired closed fiscal years.

This activity copies the amounts in transaction currency, local currency and group currency.

6. You copy the additional financial data (investments, equity, hidden reserves), if desired.

7. You perform a data selection.

If you exclude the new ledger from the euro changeover, it remains available for generating reports in reporting currency DEM. Any local currency changeover performed later on (in a subsequent year) does not modify the group currency values.