Explore and build your understanding of the structure, significance, and practical use of currency setup.
Currency setting up is an integral part of ledger setup and Material ledger currency profile for parallel valuation. It’s an important setup to derive and fulfill different requirements related to inventory valuation, transfer pricing solution and meeting the different GAP requirements in different countries. The use of additional 8 currencies and how to use as part of month end process to derive the local GAP requirements.
This session will deepen with a few examples to explain the importance and impact of different settings of currencies and how to fulfill the requirements of accounting standards and management.
Key takeaways:
- Key concept
- When to activate parallel valuation
- What will be the ideal setup of currency type for BSEG and LEDGER currencies
- Best way to utilize additional currencies
- Speaker: Alok Gupta