local currency

Consolidation (EC-CS)

The local currency of a consolidation unit.

If the local currency is not the same as the group currency, the local currency must be translated into the group currency.

Consolidation (FI-LC)

Currency of a company that belongs to a corporate group.

If the local currency is not the same as the group currency, the local currency must be translated into the group currency.

Financial Accounting (FI)

Currency of a company code (country currency) in which the local ledgers are managed.

Opposite: foreign currency

Sales & Distribution (SD)

Currency used by a company code or a sales organization.