Strategic Asset Management > Setup > Base > Currency

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Risk Management > Setup > Base > Currency

Use this form to create and maintain the currencies that your company uses and to set up the on line numeric conversion tool and rounding rules for the accounting currency and other currencies. This form (and associated tables) is part of the interface between 360° Strategic Asset Management  and your ERP system. If you have an ERP and electronic interface in place this form and associated tables will be populated from the ERP. In the latter instance the ERP will be the master of the bespoke information and the form will only be for viewing purposes.

Note

The primary (default) currency is typically considered the domestic currency of the country. (For example – South Africa: Rand (ZAR), America: Dollar (USD), Europe: Euro (E) or Britain: Pound (GBP).)

Tasks that use this form

Create/delete base currencies

Navigating the form

To create a new record press CTRL+N or the new button. The following tables provide descriptions for the controls in this form:

Fields

Field name

Field description

Currency code

Currency at which the Cost and Sales prices are noted. Define the unique identifying code for the currency. (For example: ZAR for South Africa base organisations. This is usually the company basic currency but could be the acquisition currency if acquired from abroad.)

Currency description

Detailed description of the currency code. For example: ZAR = South African Rand.

Currency symbol

Define the unique identifying symbol for a specific currency. For example : ZAR = South African Rand = R.

Record status

Shows the current status of the record. The status can be changed with the record status function.