What is currency-related elimination difference in SAP EC-CS - Consolidation?

SAP Term: currency-related elimination difference

• Component: EC-CS

• Component Name: Consolidation

• Description: The difference incurred in interunit elimination when a consolidation unit and its partner unit report different group currency values because of differing local currencies or exchange rates or both, despite both having the same transaction currency values for a certain business transaction.

Smart SAP Assistant

• Key Concepts: 
  Currency-related elimination difference is a term used in the SAP EC-CS Consolidation component. It is the difference between the exchange rate used for consolidation and the exchange rate used for reporting. This difference can arise due to differences in the timing of when the exchange rates are applied. 
  
  How to use it: 
  In order to use currency-related elimination difference, you must first set up the exchange rates in the SAP EC-CS Consolidation component. Once this is done, you can then use the currency-related elimination difference to adjust the consolidated financial statements for any differences in exchange rates. 
  
  Tips & Tricks: 
  It is important to ensure that you are using the most up-to-date exchange rates when setting up currency-related elimination difference in SAP EC-CS Consolidation. This will help to ensure that your consolidated financial statements are accurate and up-to-date. 
  
  Related Information: 
  For more information on currency-related elimination difference, please refer to SAP Help documentation on the topic. Additionally, there are many online resources available that provide further information and guidance on how to use this feature in SAP EC-CS Consolidation.