A currency ............... must be assigned to every currency used Code key.
Each currency key can have a validity date. False True.
For every combination of two currencies, you can maintain different exchange rates which are distinguished by an ...................... exchange rate type. exchange rate code.
exchangerates can be used for various purposes such as valuation conversion, translation planning. Inversion.
Exchange Rate types are: Historical Rate. Bank Selling Rate. Bank Buying Rate. Average Rate. The Rates on certain key dates. Global Currency Rate.
The relationship between currencies must be maintained per exchange rate type
and currency pair using translation ratios. This usually has to be performed
once in a month True. False.
To reduce maintenance, mySAP ERP offers several tools. For each exchange rate type you can use one of the following tools: Inversion (of the tools available, inversion is the oldest and is seldom used
today). Base currency. Exchange rate spreads. Exchange rate types.
Exchange rate spreads between the bank buying/selling rate and average rate
usually remain constant. True False.
A very efficient combination of the exchange rate tools is: Using a base currency for the average rate (M) Using the exchange rate spreads to calculate the buying and selling rates (B
and G).
Fill In the Blank- A translation between two foreign currencies is calculated via the................., that is, by combining two exchange rates. base currency, exchange rate spreads.
you can use more than one base currency per exchangerate type. True. False.
In direct quotation, one unit of local currency is quoted for the foreign currency, whereas in indirect quotation, one unit of foreign currency is quoted for the local currency. True False.
In lots of companies, the maintenance of the exchange rate table TCURR is shared by several employees. The following problems can occur: Employees maintain incorrect exchange rates (unknowingly or unintentionally) Employees maintain the exchange rates with the incorrect quotation (indirect instead of direct, or vice versa) The table is very large, and maintaining it is very time-consuming (scrolling is necessary) The table TCURR cannot be maintained by more than one user simultaneously.
As of release R/3 Enterprise you can define worklists and then maintain the exchange rates using the transaction TCURMNT. This has the following advantages: Only the relevant exchange rates can be maintained. You can also assign authorizations for worklists. Only the relevant quotation can be maintained The worklist is smaller and therefore clearer. Parallel processing of different worklists is possible.
You can maintaintwo prefixes that can be used to differentiate between direct and indirect quotation exchange rates during input and display. " "?? (blank, without a prefix) for direct quotation exchange rates "/" for indirect quotation exchange rates.
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