Assigning the currency and valuation profile to a controlling area is a crucial step in enabling multiple valuation approaches within SAP. This configuration links the controlling area to the defined currency and valuation profile, ensuring consistent representation of business transactions across legal, group, or profit center valuation views. It allows organizations to manage parallel valuations effectively, aligning financial and controlling data for accurate reporting and analysis. Proper assignment ensures seamless integration of valuation profiles with the controlling area’s operational framework.

To use the currency and valuation profile created in the previous steps, it must be assigned to the controlling area. This assignment enables the use of different valuation scenarios, such as legal valuation, group valuation, or profit center valuation, in the controlling area.

Assigning the currency and valuation profile to a controlling area

Assigning the currency and valuation profile to a controlling area configuration is accessed through transaction code 8KEM or can be accessed via IMG path Controlling → General Controlling → Multiple Valuation Approaches/Transfer Prices → Basic Settings → Assign Currency and Valuation Profile to Controlling Area
or via

Assigning the currency and valuation profile to a controlling area

Steps to Assign Currency and Valuation Profile

  1. Access the Assignment Screen:
    • Navigate to the configuration for assigning currency and valuation profile.
  2. Select the Controlling Area:
    • Choose the controlling area where you want to implement the currency and valuation profile.
  3. Assign the Profile:
    • Enter the Currency and Valuation Profile created earlier in the appropriate field.
    • This assignment signifies that multiple valuation approaches will be used in the selected controlling area.
  4. Ensure Currency Alignment:
    • The controlling area currency must be set to either:
      • Group Currency (Currency Type 30), or
      • Company Code Currency (Currency Type 10).
Assigning the currency and valuation profile to a controlling area
  1. Save the Configuration:
    • Once the profile is assigned, save the settings to activate the configuration.

Key Considerations

  • Valuation Scenarios:
    • This step enables the creation of actual versions for the defined valuation views, such as legal, group, or profit center valuation.
  • Currency and Controlling Area Alignment:
    • It is critical to ensure the controlling area currency aligns with the valuation profile’s assigned currencies to avoid inconsistencies.
  • Integration Across Modules:
    • Proper alignment of the valuation profile with the controlling area ensures consistency in reporting and analysis across modules like FI and CO.

By assigning the currency and valuation profile to the controlling area, you enable the SAP system to handle multiple valuation approaches, supporting diverse business scenarios such as group reporting, transfer pricing, and profit center analysis.