Enter Currency Code
Explanation
Use this activity to enter, change, and view
information about the currency codes used in a company. This mandatory task is
to be performed by a system administrator or equivalent person.
Prerequisites
This activity has the following prerequisites:
- The company must exist in IFS Financials.
- The currency codes used in a company must be selected in
the ISO Code Usage window in IFS/Application Services.
System Effects
As a result of this activity:
- A currency rate can be specified for the currency code.
-
The currency code can be included in a currency rate type.
- Currency codes are evident throughout the application where currencies are used, e.g., supplier
invoice entry.
Window
Currency Codes
Related Window Descriptions
Currency Codes
Procedure
To perform this activity, follow these steps:
- Open the Currency Codes
window.
- Query for the existing
currency codes.
- Create a new record.
- In the Currency Code field, select the ISO currency
code from the List of Values.
- In the Conversion Factor field, enter the currency's
conversion factor, i.e., number of foreign currency units for which you want
to enter an exchange rate.
- In the No of Decimals in Amount list, click the
number of decimal points used when the currency amount is entered or
displayed.
- In the No of Decimals in Rate field, enter the
number of decimals used when the exchange rate is entered or displayed.
- In the Valid as EMU Currency From Date field, enter
the date when the EMU currency becomes valid.
- To use the currency as a parallel accounting currency and for inverted
quotations, select the Inverted Quotation When Reference Currency check
box.
- Save the changes.