Your currency translation is not translating opening balances.What setting must be changed?

The correct answer is C. Reference rate. According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the translation setting in the sequence that would allow you to preserve an existing group currency amount is reference rate. Reference rate is a field that defines the exchange rate that is used to t

Currency Translation

Question

Options

ATranslation key
BExchange rate indicator
CReference rate
DSelection

How the community answered

(59 responses)

A
8% (5)
B
2% (1)
C
83% (49)
D
7% (4)

Explanation

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the translation setting in the sequence that would allow you to preserve an existing group currency amount is reference rate. Reference rate is a field that defines the exchange rate that is used to translate local currency amounts into group currency amounts. If you want to preserve an existing group currency amount, you can set the reference rate to 1, which means no translation will take

Topics

#currency translation#reference rate#opening balances#translation configuration

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