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Foreign Currency Translation

Handling multi-currency transactions

Foreign Currency Translation addresses the features and processes in SAP S/4HANA for managing multi-currency transactions, exchange rate differences, and translation of financial statements to a common currency for reporting.
5 minutes 5 Questions

Foreign Currency Translation in SAP S/4HANA for Financial Accounting enables organizations to manage transactions in multiple currencies while maintaining accurate financial records. This process involves converting foreign currency amounts into the company's local or functional currency for report…

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SAP S/4HANA - Foreign Currency Translation Example Questions

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Question 1

Which of the following is not a standard S/4 HANA Exchange rate type?

Correct Answer: Floating rate

Floating rate is not a standard exchange rate type in SAP S/4HANA. The standard exchange rate types include average, buying, selling, fixed, and closing rates.

Question 2

While posting a foreign currency transaction to an SAP S/4HANA system, how does the exchange rate get determined?

Correct Answer: From the exchange rate maintained in the system

When posting a foreign currency transaction, the exchange rate for the conversion is determined based on the exchange rate maintained in the SAP S/4HANA system.

Question 3

In SAP S/4HANA, which transaction code is used for displaying and checking the account balance in different currencies?

Correct Answer: FAGLB03

Transaction code FAGLB03 is used for displaying and checking the account balance in different currencies. The other transaction codes are related to other financial activities and are not meant for checking account balances.

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