group currency

Consolidation (EC-CS)

The currency assigned to a given consolidation group. If the local currency of one of its consolidation units differs from the group currency, it is necessary to perform a currency translation of the local currency data into the group currency, prior to running the consolidation.

Consolidation (FI-LC)

Group currency is used in the consolidated financial statements.

Before the consolidation process can be completed all values in the individual financial statements must be translated from the local or transaction currency into group currency.