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~ CO Area Assignment and Currency Type Settings

~ The choice between "Controlling Area Same as Company Code" and "Cross-Company-Code Cost Accounting" in transaction OKKP does indeed affect the currency type options available.

Here's a breakdown of the currency type options for each scenario:

  1. Controlling Area Same as Company Code:

    • Only one option is available: Company Code Currency.
    • This means that the controlling area will always use the same currency as the company code it is assigned to.

  2. Cross-Company-Code Cost Accounting:

    • Six currency type options are available:
      • Company Code Currency: The default currency of the company code.
      • Controlling Area Currency: A currency defined at the controlling area level, allowing for different currencies within a single controlling area.
      • Group Currency: A currency defined at a higher organizational level (e.g., a corporate group).
      • Hard Currency: A currency typically considered stable and less prone to fluctuations (e.g., USD, EUR).
      • Index-Based Currency: A currency linked to an index, such as the Consumer Price Index (CPI).
      • Global Company Currency: A currency defined at the global level for a multinational company.

In summary:

  • The "Controlling Area Same as Company Code" option restricts the currency type to the company code currency.
  • The "Cross-Company-Code Cost Accounting" option provides flexibility in currency selection, allowing for different currencies within a single controlling area.

This additional flexibility in currency type selection is particularly useful in organizations with multiple company codes that operate in different regions or countries with different currencies.

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