As part of local currency changeover to euro, you can maintain a particular euro FM area for the component Funds Management (FI-FM), in which you execute the budget planning in euro for the fiscal year in which the currency changeover to euro is planned in the system.

To achieve budget planning in euro on the one hand and to manage the current business processed at the same time on the other, is a special case requiring a special system maintenance. This is because the simultaneous implementation of several local currencies per FM area is not supported, but both the general business processes and the budget planning in the local currency are to be executed.

In the changeover phase, it is therefore necessary to maintain a second identical FM area (to be named euro FM area in the following) to be managed in euro, parallel to the existing FM area (to be named original FM area) that is managed in the original FM area currency.

While you continue the budget execution in the original local currency, the euro FM area fulfills the function of being able to create budget planning for the year of the local currency changeover in euro. At the start of the new fiscal year (year of the local currency changeover), you transfer the budget data created in the euro FM area into the original FM area. As long as the original FM area is managed in the original local currency up to local currency changeover, an automatic revaluation from euro into the original FM area currency takes place when you import the budget data. You execute the import of the budget version again immediately after the euro changeover and so you correct the rounding differences conditioned by the revaluation. After the changeover phase, you will again continue working exclusively in the original FM area and will deactivate the euro FM area.

• In the euro FM area a budgeting exclusively with annual values is allowed, but not with overall values or period values.
• Working with workflow is not supported in the euro FM area
• You have to guarantee identical master data and Customizing settings for both FM areas during the "double FM area maintenance".

1. In 1999, you use program Create euro FM area to create a euro FM area from the data of your original FM area. In addition to the master data and Customizing settings, you can also copy the original budget data of the version 0 from previous fiscal years. The euro FM area is managed in the local currency euro.

4. You use budget versions copier to copy transferred budget version (00x) to version 0. This provides you with a temporary manageable budget plan in the original FM area for the fiscal year 2000.

For more information, see Copy Budget Versions.

5. In March 2000, you execute the local currency changeover to euro in the original FM area.

For information on the local currency conversion, see Local Currency Changeover.

6. Immediately after the currency changeover to euro, you execute the export/import of the budget data from the euro FM area again (according to point 3) from the euro FM area into a new (empty) budget version 00y of the original FM area.



Since no currency revaluation takes place (both FM areas are managed in euro) the rounding differences connected to the conversion are no longer given.

7. You apply the budget version (according to point 4) again and replace the budget values of the temporary budget plan by the newly imported exact budget values. The plan data is then available as approved.
8. The functional use of the euro FM area is completed. You can now work exclusively in the original FM area again. To do this deactivate the euro FM area and delete the euro FM area data from the database.