What is 'non-functional currency' in SAP FI-GL-CU-MCA - Multi Currency Accounting?

non-functional currency - Overview

• Component: FI-GL-CU-MCA

• Component Name: Multi Currency Accounting

• Description: Local currency that is not a functional currency.

non-functional currency - Details

• 
  Key Concepts: 
  Non-functional currency is a type of currency used in SAP's Multi Currency Accounting (MCA) component of the Financial Accounting (FI-GL) module. It is a currency that is not used for transactions, but instead serves as a reference currency for reporting and analysis purposes. This allows companies to compare their financial performance across different currencies. 
  
  How to use it: 
  In order to use non-functional currency, companies must first set up a non-functional currency in the SAP system. This can be done by entering the currency code and exchange rate in the system. Once this is done, companies can then use the non-functional currency to compare their financial performance across different currencies. 
  
  Tips & Tricks: 
  When setting up a non-functional currency, it is important to ensure that the exchange rate is accurate and up-to-date. This will ensure that the financial performance comparisons are accurate and reliable. 
  
  Related Information: 
  For more information on setting up non-functional currencies in SAP, please refer to the official SAP documentation on Multi Currency Accounting (MCA).