Entity parameter
Before you specify entity parameters, you must set up the entity in Business Modeling. Entity properties, such as an ID, description, or languages are maintained in the Entity business object.
You must specify these entity parameters to ensure automatic currency translation into group currencies:
- Currency of the entity (local currency)
- Currency translation method
- Scaling factor: This function enables you to specify data from entities that use a hyperinflationary currency. A local currency scaled multiplied by a scaling factor results in a local currency. For example, a scaling factor of 1,000 multiplied by a local currency scaled of 3 results in a local currency of 3,000. A local currency value is used for conversion into the group currency. However, in most reports and on most data entry pages, values are stored and displayed as a local currency scaled.
Select .
These additional parameters are optional:
- Tax Rate: You can use this to calculate deferred taxes. The calculation is not standard and must be configured individually.
- Segment1: This parameter setting simplifies posting journals because it represents a standard element for the entity. The journal editor suggests it for segments if a journal is posted with Segment 1 information.
- Segment2: This parameter setting simplifies posting journals because it represents a standard element for the entity. The journal editor suggests it for segments if a journal is posted with Segment 2 information.
- Segment3: This parameter setting simplifies posting journals because it represents a standard element for the entity. The journal editor suggests it for segments if a journal is posted with Segment 3 information.