This video provides a comprehensive understanding of the currency types in SAP S/4HANA Financial Accounting (FI). Here are the key points:

  1. Currency Types: The video explains that in the previous SAP ECC version, you could create up to three currencies, but now in SAP S/4HANA, you can create multiple currencies as required by your business. The three currencies in SAP ECC were the company code currency, local currency, and group currency or additional currency.
  2. Defining Currencies: The video demonstrates how to define currencies in the system. Currencies are defined at different levels: Global Currency is defined at the company level, Company code currency is defined at the company code level, and additional currencies are defined at the country level.
  3. Index-Based Currency and Hard Currency: The video explains that these currencies are defined for countries with high inflation rates.
  4. Multiple Currencies in SAP S/4HANA: Due to the introduction of the Universal Journal (ACDOCA table) in SAP S/4HANA, you can configure multiple currencies. These currencies are defined at the ledger level.
  5. Creating a Currency: The video shows how to create a currency in the system. It creates a global currency (ZF) and a company code-specific currency (ZH).
  6. Currency Conversion Settings: The video demonstrates how to set up currency conversion settings for both the global currency and the company code-specific currency.

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