Define Currency Basic Data for Projects
Explanation
This activity is used to define currency rate types used for accounting and
budgeting and forecasting on the project. It is optional to use multicurrency
budgeting and forecasting and/or project currency. It is also used to define a
parameter for validating moved values when assigning ETC on a forecast.
Prerequisites
- Currency rate types must be be defined in Accounting Rules/Currencies/Currency
Rate Types window.
- To set Multicurrency and Project Currency for the Project, the status of
the project must be Initialized.
System Effects
- If Budgeting and Forecasting Currency Rate Type and Project
Currency Rate Type is defined the currency values will be calculated
and saved in the Activity/Connections tab
Window
Project
Related Window Descriptions
Project/Currency
Procedure
Use the following procedure to define the project specific currency rate type
for accounting:
- Open the Project window, and query for
the project on which the project specific currency rate type for accounting
should be defined.
- Click
on the Currency tab.
- In the Project Specific Currency Rate Type for Accounting area,
enter the ID of the currency rate type in the Currency Type field or
select a value from the List of Values.
- Save the record.
Use the following procedure to define project currency and a project currency
rate type used in Budgeting and Forecasting:
- Open the Project window, and query for the project
on which you would require the project currency and project currency rate type
to be defined as an option
- Click
on the Currency tab.
- In the Project Currency Settings for Budgeting and Forecasting area, enter the currency code of the currency that shall be used as
project currency in the Project Currency field
or select from the List of Values.
- Enter the ID of the currency rate type in the
Currency Rate Type field or select a value from the List of Values.
- Save the record.
Use the following procedure to define setting for Multicurrency Budgeting and
Forecasting:
- Open the Project window, and query for the project on which
you would require the budgeting and forecasting currency rate type to be
defined as an option.
- Click
on the Currency tab.
- In the Multicurrency Settings for Budgeting and Forecasting area,
select the
Budget In Multicurrency check box.
- Enter
the ID of the currency rate type in the
BF
Currency Rate Type field or select a value from the List of Values.
- Save the record.
Use the following procedure to define the parameter for validating values in
the assigning of ETC values in Forecast Info:
- Open the Project window, and query for the project on which the parameter may be selected.
- Click
on the Currency tab.
- In the Assign ETC in Forecast Window area select the currency
type to use when validating the moved values from the When Moving Values,
Validate Remaining Against
list.
- Save the record.