The currency and valuation profile
determines
(a) which valuation views can be
stored
(b) in which currencies.
1. In CO we have “valuation” concept. This valuation concept have 3 views, Legal, Group, Profit Center View in CO
2. At the same time, we have different currency types. For e.g. Group currency, Company code currency.
3. The combination of currency and valuation view, for example, group currency and profit center view is referred to as a valuation approach.
4. You need to assign the currency and valuation profile to a controlling area and then activate the profile. This ensures that the data is updated consistently in all the affected applications.
5. The system checks whether the valuation approaches in Controlling, the material ledger, and Financial Accounting as well as the settings for the company codes, depreciation areas and plants are consistent with the profile.
Configuration Setup
Transaction Code: 8KEM
Menu Path: IMG -> Controlling -> General Controlling -> Multiple Valuation Approaches/Transfer Prices -> Basic Settings -> Maintain Currency and Valuation Profile
Overview Screen e.g.
FIELDS VALUES COMMENTS
Curr/Val. Prof. ZPXX Currency & Valuation Profile maintained
Details Screen e.g.
FIELDS VALUES COMMENTS
Currency Type 10 Currency Type 10 to be maintained for Legal Valuation
Currency Type
30 Currency Type 30 to be maintained
for Profit Center Valuation
Assign Currency and Valuation Profile to Controlling Area
Transaction Code: 8KEQ
Menu Path: IMG -> Controlling -> General Controlling -> Multiple Valuation Approaches/Transfer Prices -> Basic Settings -> Assign Currency and Valuation Profile to Controlling Area
Overview Screen e.g.
FIELDS VALUES COMMENTS
C+V Prof ZPXX The assignment of the currency and valuation profiles indicates that you want to use transfer prices in the controlling area.
Currency Review Questions
1) The en entering a document using a foreign currency, which date is used to determine the exchange rate if the translation date is not entered?
a. Posting date
b. Document date
c. Baseline date
d. Entry date
2) Which type of currency will R/3 always track when posting a document?
a. Local currency
b Group currency
c Transaction currency
d Group & transaction currency
e Local & transaction currency
--
Answers:
1) a
2) e
