A currency translation method, according to which balance sheet items are translated using the exchange rates that correspond to their valuation base in local currency:
Historical rates for acquisition and production costs Current rate for daily values (including receivables and payables)The temporal method applies the "single legal entity" theory to currency translation. It assumes that the consolidation group represents a single economic unit, and that its consolidation units post data and prepare balances in the currency of the upper unit, regardless of their country of operation.
Currency translation must not affect the valuation base of the balance sheet items or the temporal consideration of revenue and expense. It entails changing the unit of measure, but not the bases of valuation and the preparation of balance sheets.
More terms such as temporal method of currency translation (EC-CS) in Dictionary T.
- Manual Transaction Condition:
- Help agreed component of a contract. You use transaction conditions to represent amount- and time-based conditions that create an immediate posting if a specific activity occurs in the contract or temporal method of currency translation (ec-cs) definition.
- Manual Tax Account:
- Help The G/L account to which the calculated tax amount for a document is posted temporal method of currency translation (ec-cs) explain.
- Manual Transfer Control:
- Help A key that determines how the SAP System searches for cost estimates for the purpose of transferring the costs calculated for particular materials into another cost estimate temporal method of currency translation (ec-cs) what is.
- Manual Tickler:
- Help reminder sent to managers or HR administrators reminding them of an approaching tickler process end date. One or more ticklers, each with its own lead-time, are required to be set up for each future temporal method of currency translation (ec-cs) meaning.
- Manual Text Determination (CRM-BF):
- Help A process using a communication structure to define which texts should be called-up at what point temporal method of currency translation (ec-cs) abbreviation.
