SAP PS - Currencies

In SAP PS system, you can manage all the currency dependent data in the Project System using the following different currencies.

Controlling Area Currency

In this currency type, you define work breakdown structure (WBS), networks, activities, and orders in one controlling area. As the same controlling area is used, currency in a project system is also uniform.

Object currency

In Project System, it is possible to assign any object currency to different objects in the system.

• WBS element
• Project definition
• Network header
• Network activity

Note − When a company code is assigned to a controlling area and company code contains multiple currencies, you cannot allocate object currency in PS. In such a case, system automatically takes the local currency of company code.

Transaction currency

In this case, the costs and revenues from different business transactions are recorded as per currency of the business transaction.

Example

You can take the currency of PO in which it is raised in the system. In PS system, each amount is recorded in the database in all three currencies and you use the currency translation rates in the PS implementation.

Note − You can use Information system to view the reports in any currency including the above mentioned currency types and Project System translates the values in report as per the latest conversion values.