#COE#AEG01 Company code Currency

[RLeijsen]

Hello,

As part of our template roll out we are now going to implement S/4 to the Dubai entity of our customer. Recently we have activated Dubai in the S/4HANA system. However, we have now found out that we cannot change the currency of the Dubai company code. This is currently on AED whilst in fact for Dubai 90% of all transactions is in EUR.

If this remains AED then it will trigger the following complications:

1. Monthly AEG Reporting is in EUR, so need to convert everything in EUR using FX rates and differences to be posted in FX.
2. For statuary reporting need to convert AED into SGD as Dubai is a branch of Singapore.
3. An additional revaluation and reconciliation needs to be maintained for same.
4. For audit purpose also, EUR currency is optimum as compared to AED which does not have almost no materiality/role in AEG Dubai.

The proposed resolution we found in a KBA is to create a new company code for a country that has default currency EUR and transport the customizing from the existing company code. The currency will then default from the country associated with that company code.

Is this indeed the only way we can move forward here. And if so, what implications will this have moving forward as our company code will not have been created for Dubai, which might lead to different challenges.

Many thanks.

Rogier

[OwenLiu]

We helped you to accept the answer, since there were no updates after 7 days.

You can unaccept it anytime if you have further questions.

[RLeijsen]

In addition:

With the functional currency on EUR the company code currency will still be AED. In that situation our customer still would have the exchange rates which should be adapted for Dubai.