What is local currency in SAP EPM-BPC - Business Planning and Consolidation?

SAP Term: local currency

• Component: EPM-BPC

• Component Name: Business Planning and Consolidation

• Description: The currency used by an entity for its General Ledger system. Generally, this is the currency of the country in which the entity resides.

Smart SAP Assistant

• Key Concepts: 
  Local currency is a term used in SAP Business Planning and Consolidation (EPM-BPC) to refer to the currency of the country or region in which a company operates. It is used to measure the financial performance of a company in its local market.
  
  How to use it: 
  In SAP Business Planning and Consolidation, local currency is used to measure the financial performance of a company in its local market. This is done by converting all financial transactions into the local currency, which allows for more accurate comparison of financial performance across different countries or regions.
  
  Tips & Tricks: 
  When using local currency in SAP Business Planning and Consolidation, it is important to ensure that all transactions are converted into the correct currency. This can be done by using an exchange rate table, which will provide the most up-to-date exchange rates for each currency.
  
  Related Information: 
  Local currency is also used in other SAP applications, such as SAP ERP and SAP S/4HANA. It is important to understand how local currency works in order to accurately measure financial performance across different countries or regions.