About this Guide

This document describes the implementation of Currency Initialization (CRI), a generic conversion-environment framework, in LN.

Objectives

Audience

This document is intended for persons in charge of setting up and carrying out the currency initialization.

The reader is assumed to be familiar with the LN software and the overall structure of packages, modules, and sessions in the LN software. A general knowledge of Financials is recommended.

Document summary

This document describes the implementation of Currency Initialization in LN. Currency Initialization is a generic conversion environment.

You can use CRI to:

  • Change your currency system
  • Switch to the recommended standard for multicurrency implementations: the standard currency system (as of LN FP5)
  • Change or extend the used home currencies
  • Change transaction currencies to euros
  • Make your system euro compliant
  • Enable multiple functional currencies for a standard currency system (as of LN 10.2.1)

Abbreviations and acronyms

In this document, these abbreviations and acronyms are used:

A/P Accounts Payable
A/R Accounts Receivable
BP Business partner
CI Currency initialization
COP Colombia pesos
CRI Currency Initialization
DKK Denmark kroner
DLL Dynamic-link library
EMU Economic and Monetary Union
EUR Euro
FST Financial Statements
GBP United Kingdom pounds
G/L General Ledger
INR India rupees
NZD New Zealand dollars
USD United States dollars

How to read this document

This manual contains the following chapters:

  1. Chapter 1, "Currency Initialization," briefly explains what currency initialization is, and how you can use currency initialization to make your system euro compliant.
  2. Chapter 2, "Setting Up the Currency-Initialization Environment," describes how you share CRI tables between the companies of a conversion cluster, and how you initialize CRI tables with the correct information.
  3. Chapter 3, "Currency Systems and Company Structures," describes the currency types and currency systems that you can use in LN, and the currency system requirements for companies that are linked to each other.
  4. Chapter 4, "Currency-Initialization Scenarios," describes the possible currency system changes that you can perform by using CRI.
  5. Chapter 5, "Currency-Initialization Process," describes how you can use CRI sessions to perform the various types of currency initialization.
  6. Chapter 6, "Currency Differences," describes how you can post currency differences that result from the different currency exchange rates before and after the internal currency initialization.
  7. Chapter 7, "Euro Initialization," describes how you can use CRI sessions to change one of your home currencies and (EMU) transaction currencies to euros.
  8. Chapter 8, "Conversion Rules," describes the standard conversion rules that are used to convert and recalculate the amounts and currency rates during the currency initialization processes.
  9. Appendix A, "Checking the Financials Fields," lists the fields that you can check and correct after internal currency initialization.
  10. Appendix B, "Setup for Parallel Processing," describes the additional setup that is required for parallel processing.
  11. Appendix C, "Performance Tuning for Parallel Processing," describes performance tuning that can be required when you run the CI Process (tccri7203m000) session using parallel processing.
  12. Appendix D, "Glossary," lists the definitions of the terms used in this document.