What is reporting currency in SAP PLM-PLC - Product Lifecycle Costing?

SAP Term: reporting currency

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: The currency in which a calculation is performed. All calculated values in a calculation version are displayed using this currency.

Smart SAP Assistant

• Key Concepts: 
  Reporting currency is a term used in SAP Product Lifecycle Costing (PLM-PLC). It is the currency used to display the cost of a product throughout its lifecycle. This currency is used to compare costs across different products and to track changes in cost over time. 
  
  How to use it: 
  In SAP PLM-PLC, the reporting currency can be set up in the system settings. Once it is set, all costs associated with a product will be displayed in that currency. This allows for easy comparison of costs across different products and for tracking changes in cost over time. 
  
  Tips & Tricks: 
  When setting up the reporting currency, it is important to choose a currency that is widely used and accepted. This will ensure that the costs are easily comparable across different products and that changes in cost can be accurately tracked over time. 
  
  Related Information: 
  The reporting currency can also be used to compare costs between different versions of the same product. This allows for easy comparison of costs between different versions of a product and for tracking changes in cost over time.