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

SAP Term: transaction currency

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: The currency used to display the price of an item and its fixed and variable cost portions. Each item in a calculation can have a different transaction currency. One material can be purchased in euros while a different material is purchased in US dollars.

Smart SAP Assistant

• Key Concepts: 
  Transaction currency is a term used in SAP Product Lifecycle Costing (PLM-PLC) to refer to the currency in which the costs of a product are recorded. This currency is used to track the costs of a product throughout its lifecycle, from development to production and sales. 
  
  How to use it: 
  In SAP PLM-PLC, the transaction currency is set when a product is created. This currency will be used for all cost calculations related to the product. The transaction currency can be changed at any time, but it is important to note that any changes will affect all cost calculations related to the product. 
  
  Tips & Tricks: 
  When setting the transaction currency for a product, it is important to consider the currency of the market in which the product will be sold. This will ensure that all cost calculations are accurate and up-to-date. 
  
  Related Information: 
  The transaction currency is closely related to other SAP terms such as local currency and functional currency. Local currency refers to the currency of the country in which a company operates, while functional currency refers to the currency used for reporting purposes.