Calculation Groups (tffst0620m000)
Use this session to view, add or maintain calculation group details, that is, financial companies and for each company, the currency that must be used. You can also change the calculation group's description.
For a standard currency system, you can only select Reporting 1 or Reporting 2 if the statement currency matches the reporting currency. If the statement currency is not one of the home currencies, LN uses the local currency for its calculations. You cannot link a calculation group to a statement where the reporting currency specified in the Report from Currency Position field does not match the statement currency.
Example 1
For a standard currency system:
- For company 290, the local currency is EUR, Reporting 1 is EUR, and Reporting 2 is USD.
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The statement currency is DKK.
In this case, it is not allowed to use a calculation group where, for company 290, Reporting 1 is defined as EUR. As a result, a calculation group must be used for which the local currency is defined in the Report from Currency Position field.
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The statement currency is EUR.
In this case, you can link a calculation group where the Report from Currency Position is the local currency or the Reporting 1 currency.
Example 2
For a dependent currency system:
- For company 550, the local currency is EUR (also the reference currency), Reporting 1 is INR, and Reporting 2 is GBP.
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The statement currency is DKK.
If in the calculation group Reporting 2 is selected, LN uses the GBP to calculate, for example, debit transactions for a given period, via the reference currency (EUR) to the statement currency (DKK).
As a result, LN performs two currency calculations:
- GBP -> EUR
- EUR -> DKK
Field Information
- Calculation Group