Set Countries Decimals Place

There are certain country where their currency has a different number of decimal places.

For those country currencies which do not require two decimal places, you have to enter these currencies in the menu option 'Decimal places'.

In the standard settings, those known important currencies which do not have two decimal places are pre-set according to the ISO standard.
 

IMG Task

1. Check whether in your company currencies are in use which do not have two decimal places, in addition to those delivered.

2. Set the appropriate number of decimal places for these currencies.
 

Set Decimal Places for Currencies

Tcode: OY04

SPRO -> SAP NetWeaver -> Currencies -> Set Decimals Places for Currencies

Set Countries Decimals Place

Self-Test Questions

1) When entering a document using a foreign currency, which date is used to determine the exchange rate if the translation date is not entered?
(One or more is correct.)

A. Posting date
B. Document date
C. Entry date
D. Baseline date

2) [FI-Postings] – What are examples of currency types?
(One or more is correct.)

A. User currency
B. Global currency
C. Hard currency
D. Index currency. 
 

3) [FI-Postings] – The currency that was input on the header of document:
(One or more is correct.)

A. Company code currency
B. Transaction currency
C. Additional currency
D. Local currency

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Answers

1) A

2) B, C, D

3) A, B

SAP FI/CO Tips

See Also
Chart of Accounts And Organizational Structure Review Questions

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SAP FICO Forum - Do you have a SAP FI/CO Question?

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SAP FICO Books  - Certification, Interview Questions and Configuration

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SAP FI/CO Tips and Financial Accounting/Controlling Discussion Forum

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