All prices, rates,
and surcharges are defined and posted in the currency of the logistic company.
Independent currency system
The financial companies and the
logistic companies in the group operate in two or three currencies. As a
result, the costing data must be entered in all the currencies. The exchange
rate on that day is used to enter the data. If the exchange rate changes, this
does not affect the data already entered. The standard cost, valuation price,
and sales price are calculated in each of the currencies.
Dependent currency system
In the dependent currency system, multiple currencies can
be used in the same logistic company. For most entities, the financial company determines
the currency used. If the master data is not linked to a financial company, the
currency must be entered. You must define a currency for the following
entities:
Item
Item group
Operation rates
Subcontracting rates
Simulated purchase
prices
The standard cost is
expressed in the currency of the item. Parts of the standard cost may have been
calculated in a different currency. The amounts are recalculated to the item
currency by using the internal exchange rate, valid at the moment of
calculation.
The valuation price is expressed in the currency of the
item. These prices change if: