Currencies in the Project System 

Use

All the currency-dependent data in the Project System is managed in three different currencies in parallel:

The whole project (work breakdown structure, along with the networks, activities, and orders assigned to it) must be in one controlling area. For this reason, the controlling area currency within a project is always uniform.

You can assign any object currency you wish to the following objects in the Project System:

- Project definition (default value for matching WBS elements)

- WBS element

- Network header

- Network activity

If you have assigned a number of company codes to a controlling area and the company codes have different currencies, you cannot allocate the object currency. The system automatically uses the local currency of the respective company code.

Costs and revenues arising from different business transactions in the project are recorded in the currency of the appropriate business transaction - for example, the currency in which the purchase order was entered.

Planning also takes account of the business transaction currencies. For example, for an externally-processed activity, the system takes the currency from the purchasing info record. If no currency has been maintained in the purchasing info record, you can maintain it manually in the business transaction. The planning finance flow is always displayed in the project by currency.

Every amount in the project is translated as appropriate when you enter it and recorded in the database in all three currencies. You stipulate the currency translation rates in the Project System implementation guide.

Reporting

The commercial information system offers reports in any currency you want, in addition to those described above. The system translates the data using the latest rates.

Prerequisites

Currency amounts are only updated in parallel if you activate the All currencies indicator for the relevant controlling area.