Calculation Group Details (tffst0121m000)
Use this session to maintain the calculation group's financial companies and associated currencies.
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 currencies calculations:
- GBP -> EUR
- EUR -> DKK
Field Information
- Calculation Group
- Financial Company
- Report from Currency Position
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The currency to be used.
Select from:
- Local Currency
- Reporting 1
- Reporting 2
- Report From Currency position
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The currency code and description.