BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Document currency
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Group currency
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Company code currency
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Controlling area currency
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Detailed explanation-1: -Group Currency (30) This currency type is defined for the client in the settings for the SAP client in Transaction SCC4. You can see in below that Client 100 is set up with a Currency of USD. Therefore, USD is the group currency for any company codes in this client.
Detailed explanation-2: -For a Company Code how many currencies can be configured? There are three currencies that can be configured for a Company code, one is a local currency and two are the parallel currencies.
Detailed explanation-3: -In SAP, when we define Company/company code, currency is a basic data which should be maintained. In SAP, we can maintain one base currency and two parallel currencies, it means three currencies. In FI documents, we can take four currencies including the transaction currency.