Companies (btemm1170m000)

Field Information

Company

The code of the company for which enterprise modeling data is displayed.

Company Type

The type of the company that determines the kind of data the company manages and how that data is used and processed.

Allowed values

Logistic

Financial

Both

Currency System

The currency system applicable for the company. This value defines the method in which amounts are calculated and registered in the company.

Allowed values

Single

A currency system in which a company uses only one home currency. This home currency is also the reference currency. This currency system is especially for use for companies that operate in a single country.

Dependent

A currency system in which you can use multiple home currencies within a single company. For most entities, the financial company determines the local currency that is used. All transactions are registered in all the home currencies.

Currency rates are defined between the external currencies and the reference currency, and between the reference currency and the other home currencies. Transaction amounts are first converted into the reference currency and then the transaction amount in the reference currency is converted into the other home currencies.

Independent

A currency system in which all financial companies and logistic companies that are related to each other in the enterprise structure model use the same two or three home currencies. All transactions are registered in all the home currencies.

Currency rates are defined between the transaction currencies and all home currencies. Transaction amounts are converted directly from the transaction currency into the home currencies.

Standard

A currency system in which foreign currency transactions are translated straight from the transaction currency to the local currency, without triangulation through the reference currency. By default, reporting currencies are directly translated from the transaction currency into the reporting currency; however, reporting currencies can also be translated from the local currency.

Use Multiple Functional Currencies

If this check box is selected, you can view and process the transactions in more than one functional currency.

Many multinational corporations are required to provide reports in more than one functional currency. If this check box is selected, all three home currencies are stored against historical rates for non-monetary ledger accounts such as inventory, work-in-process, and fixed assets.

You can perform statutory (local) and corporate reporting in multiple home currencies in parallel while adhering to applicable IFRS/US GAAP standards on foreign currency translation, for example, IAS 21.

Allowed values

Yes

No

Cancel

Currencies

Local

Local Currency (Standard)

The code of the standard local currency.

Local Currency (Tax Engine)

The code of the reference currency.

Reporting 1

Reporting Currency 1

The code of the first reporting currency that is defined as a home currency used to report financial results.

Reporting 2

Reporting Currency 2

The code of the second reporting currency that is defined as a home currency used to report financial results.

Exchange Rate Type

Exchange Rate Type

Purchase

The code of the exchange rate type that is used to convert purchase transaction amounts to the company's home currency or home currencies.

Note: If you use a multicompany structure, you must select the same default purchase exchange-rate type for each company.

Using currency exchange rate types

Sales

The code of the exchange rate type that is used to convert sales transaction amounts to the company's home currency or home currencies.

Note: If you use a multicompany structure, you must select the same default sales exchange-rate type for each company.

Using currency exchange rate types

Exchange Rate Type Internal

The code of the exchange rate type that is used for internal calculations and to convert amounts from the reference currency into the other home currencies.

Note: If you use a multicompany structure, you must select the same default internal exchange-rate type for each company.

Using currency exchange rate types

Exchange Rate Type External

The code of the exchange rate type that you can select for external reports such as the European sales listing the Intrastat report. For example, you can use the external exchange rate type to define the rates used by the central bank of your country or state.

Note: If you use a multicompany structure, you must select the same default external exchange-rate type for each company.

Using the external exchange rate type

Concepts

Concepts

Use Dimensions From Mapping Scheme

If this check box is selected, the use of dimensions from mapping scheme functionality is implemented in Brazilian localization. All the postings related to the Brazilian Localization (Invoicing and Fiscal Receipts) use the same dimensions defined on mapping scheme for sales revenue (in case of sales) and goods (in case of purchase).

Allowed values

Yes

No

Cancel

Note: This field is enabled only if the Segment Reporting check box is cleared in the Group Company Parameters (tfgld0101s000) session.