Currency translation is a process in which an organization translates the financial data of its foreign subsidiaries from their transaction currency into the group currency of an organization.
Kathrin Schmalzing
Kathrin Schmalzing is a director at one of the “big four” consulting firms. Before she transitioned to consulting, Kathrin first worked in the automotive industry in the controlling department, giving her a clear view of the challenges faced by end users and the daily tasks in controlling. Kathrin has been working with SAP solutions since 2002 and has been involved in multiple end-to-end implementations of SAP S/4HANA solutions at an international level. Her current focus is on process simplification and modernization with analytics in SAP S/4HANA Financials and SAP FP&A, as well as on their integration with logistics.
Blogs by Kathrin Schmalzing
With SAP S/4HANA and margin analysis, you can take advantage of predictive accounting functionalities.
For orders that have been delivered or completed, an SAP system can calculate and determine its variance. This is a look at the delta between the...