What is cost center currency in SAP CO - Controlling?

SAP Term: cost center currency

• Component: CO

• Component Name: Controlling

• Description: The currency in which the costs on a cost center are reported.

Smart SAP Assistant

• 
  Key Concepts: 
  Cost center currency is a feature of SAP Controlling (CO) that allows users to assign a currency to each cost center. This currency is used to record and report the costs associated with the cost center. The cost center currency is usually the same as the company's functional currency, but it can be different if needed. 
  
  How to use it: 
  To assign a cost center currency, go to the Cost Center Master Data screen in SAP Controlling. Select the cost center you want to assign a currency to and then select the “Currency” tab. Enter the desired currency code and save your changes. 
  
  Tips & Tricks: 
  When assigning a cost center currency, make sure that it is consistent with the company's functional currency. This will ensure that all costs associated with the cost center are accurately recorded and reported. 
  
  Related Information: 
  For more information on cost center currencies in SAP Controlling, refer to SAP Help documentation or contact your local SAP support team.