Parallel currencies are for getting Financial statements at local country

why do we request parallel currency?

Question Posted / sridhar

Answer Posted / sridhar

Parallel currencies are for getting Financial statements at
local country level,Group level,Global level.

Is This Answer Correct ?

0 Yes

0 No

Please Help Members By Posting Answers For Below Questions

How many retained earnings a/c can be defined?

1009

Explain the various reference methods? : fi- general ledger

980

What are the major components of chart of accounts ?

992

What are the different submodules in sap fi?

1387

Can you select direct fi posting for a depreciation run? : fi- asset accounting

1021

What is parallel and local currency in sap?

1120

How does the system calculate the activity price? : co- cost center accounting

975

For document clearing what are the customizing prerequisites ?

1250

what is t-code for co-pa? : co-pa

1051

What is profitability analysis (co-pa)? : co- general controlling

1001

What is SAP landscape experience? Who will deal with this? How much experience does a candidate have?

1176

Can you pay a vendor in a currency other than the invoice currency? : fi- accounts payable

967

Can both account-based and costing based profitability analysis be configured at the same time?

1168

Hi What is a STAGING CLIENT in our Land scape? a bit of confusion in this

2279

What is reconciliation account?

959