What is 'conversion rate table' in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

conversion rate table - Overview

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: A table used for entering and consulting conversion rates.

conversion rate table - Details

• 
  Key Concepts: 
  A conversion rate table is a feature of SAP BusinessObjects Financial Consolidation (EPM-FC) that allows users to define and store exchange rates for different currencies. This enables users to convert amounts from one currency to another, allowing for more accurate financial reporting. 
  
  How to use it: 
  To use the conversion rate table, users must first define the exchange rates they wish to use. This can be done manually or by importing a file containing the exchange rates. Once the exchange rates have been defined, they can be used in calculations and reports. 
  
  Tips & Tricks: 
  It is important to ensure that the exchange rates used are up-to-date and accurate. It is also important to remember that the conversion rate table only applies to currency conversions and not other types of conversions such as unit conversions. 
  
  Related Information: 
  For more information on using the conversion rate table in SAP BusinessObjects Financial Consolidation, please refer to the official documentation available on the SAP website.