<?xml version="1.0" encoding="utf-8"?>
<Glossary ID="/baanerp/tf/onlinemanual/cri00app_gloss" xml:lang="en">
   <Header>
      <Title>Glossary for currency initialization</Title>
   </Header>
   <GlossaryEntry ID="">
      <Term>conversion cluster</Term>
      <Definition>A group of companies and/or currencies that must be converted
		together with the conversion details such as the type of conversion to be
		processed.</Definition>
      <Keyword type="glentry" order="d1e2136198">
         <Level1>conversion cluster</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>conversion-cluster company</Term>
      <Definition>One of the companies that will be converted when you process
		the cluster.</Definition>
      <Keyword type="glentry" order="d1e2136203">
         <Level1>conversion-cluster company</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>currency difference</Term>
      <Definition>A difference caused by currency exchange-rate fluctuations, for
		example, during the period that an invoice amount is outstanding.</Definition>
      <SimpleSection>
         <Paragraph>During currency initialization the rate fluctuation can be
		  caused by the recalculation of the rates based on the amounts in the new
		  currencies.</Paragraph>
      </SimpleSection>
      <Keyword type="glentry" order="d1e2136208">
         <Level1>currency difference</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>dependent currency system</Term>
      <Definition>A currency system in which you can use multiple home
		currencies within the same logistic company. For most entities, the financial
		company determines the local currency that is used. All transactions are
		registered in all the home currencies.</Definition>
      <SimpleSection>
         <Paragraph>Currency rates are defined between the external currencies and
		  the reference currency, and between the reference currency and the other home
		  currencies. Transaction amounts are first converted into the reference
		  currency. Then the transaction amount in the reference currency is converted
		  into the other home currencies.</Paragraph>
      </SimpleSection>
      <Keyword type="glentry" order="d1e2136216">
         <Level1>dependent currency system</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>EMU currency</Term>
      <Definition>The national currency of a country participating in the
		European Economic and Monetary Union (EMU) before the introduction of the euro.</Definition>
      <Keyword type="glentry" order="d1e2136224">
         <Level1>EMU currency</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>enterprise unit</Term>
      <Definition>A financially independent part of your organization that
		consists of entities such as departments, work centers, warehouses, and
		projects. The enterprise unit’s entities must all belong to the same logistic
		company, but a logistic company can contain multiple enterprise units. An
		enterprise unit is linked to a single financial company.</Definition>
      <SimpleSection>
         <Paragraph>When you carry out logistic transactions between enterprise
		  units, these are posted in the financial companies to which each enterprise
		  unit is linked. The enterprise structure models define the relationships
		  between the enterprise units, and in this way the goods transfer that can take
		  place between the enterprise units. To use invoicing and pricing between
		  enterprise units, you must link the enterprise units to internal business
		  partners.</Paragraph>
         <Paragraph>You can use enterprise units to do separate financial
		  accounting for parts of your business. For example, you can define enterprise
		  units for separate parts of your organization that belong to one logistic
		  company but that are located in different countries. The accounting of each
		  enterprise unit is performed in each country's national currency and in the
		  financial company linked to the enterprise unit.</Paragraph>
      </SimpleSection>
      <Keyword type="glentry" order="d1e2136229">
         <Level1>enterprise unit</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>external euro initialization</Term>
      <Definition>External euro initialization converts to euros the transaction
		currencies and the transaction amounts of open orders and contracts that are
		related to the business partners (customers or suppliers) for which you process
		the external conversion.</Definition>
      <Keyword type="glentry" order="d1e2136239">
         <Level1>external euro initialization</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>FASB52 translation adjustment</Term>
      <Definition>Guidelines for translating amounts in the local home currency
		with the correct currency rates before reporting in a different currency than
		the reference currency.</Definition>
      <Keyword type="glentry" order="d1e2136244">
         <Level1>FASB52 translation adjustment</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>independent currency system</Term>
      <Definition>A currency system in which all financial companies and logistic
		companies that are related to each other in the enterprise structure model use
		the same two or three home currencies. All transactions are registered in all
		the home currencies.</Definition>
      <SimpleSection>
         <List>
            <ListItem>Currency rates are defined between the transaction currencies
			 and all home currencies.</ListItem>
            <ListItem>Transaction amounts are converted directly from the
			 transaction currency into the home currencies.</ListItem>
         </List>
      </SimpleSection>
      <Keyword type="glentry" order="d1e2136249">
         <Level1>independent currency system</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>internal euro initialization</Term>
      <Definition>Internal euro initialization changes the current home currency
		to euro and converts all the amounts in the current home currency to
		euros.</Definition>
      <Keyword type="glentry" order="d1e2136260">
         <Level1>internal euro initialization</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>local home currency</Term>
      <Definition>The home currency that is the legal currency of the country in
		which the company is established. Tax reporting must usually be done in the
		local home currency.</Definition>
      <Keyword type="glentry" order="d1e2136266">
         <Level1>local home currency</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>logistic area</Term>
      <Definition>A combination of logistic companies and financial group
		companies. A logistic company contains multiple enterprise units. Financial
		group companies contain one or more financial groups.</Definition>
      <SimpleSection>
         <Paragraph>The logistic company’s enterprise units can be linked to a
		  financial company within one financial group company. The enterprise units can
		  also be linked to financial companies within different financial group
		  companies. Also, enterprise units within different logistic companies can be
		  linked to one financial company. Finally, it is possible that some financial
		  companies within a financial group company are not linked to an enterprise
		  unit.</Paragraph>
      </SimpleSection>
      <Keyword type="glentry" order="d1e2136271">
         <Level1>logistic area</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>logistic currency</Term>
      <Definition/>
      <CrossRef>reference currency</CrossRef>
      <Keyword type="glentry" order="d1e2136279">
         <Level1>logistic currency</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry ID="d1e2136302">
      <Term>logistic currency</Term>
      <Definition>See: <Link href="#" role="internal">reference currency</Link>
      </Definition>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>reference currency</Term>
      <Definition>The home currency that is used for the company’s accounting.
		The reference currency is the base for all calculations with
		currencies.</Definition>
      <SimpleSection>
         <Paragraph>If it is unclear which of the home currencies must be used,
		  the reference currency is used. In a multicurrency system, the reference
		  currency is used when the Rotate Currency function is not
		  available.</Paragraph>
         <List>
            <ListIntro>In a multicurrency system you can use up to three home
			 currencies. One of these must be the same as the reference currency. The three
			 home currencies that you can define for a company are:</ListIntro>
            <ListItem>The company's local currency</ListItem>
            <ListItem>Reporting currency 1</ListItem>
            <ListItem>Reporting currency 2</ListItem>
         </List>
      </SimpleSection>
      <Synonym>logistic currency</Synonym>
      <Keyword type="glentry" order="d1e2136285">
         <Level1>reference currency</Level1>
      </Keyword>
      <Keyword type="glentry" order="d1e2136285">
         <Level1>logistic currency</Level1>
      </Keyword>
   </GlossaryEntry>
   <GlossaryEntry>
      <Term>standard currency system</Term>
      <Definition>Available as of ERP LN FP5, a currency system in which foreign
		currency transactions are translated straight from the transaction currency to
		the local currency, without triangulation through the reference currency. By
		default, currencies are translated from the transaction currency into the
		reporting currency. However, reporting currencies can also be translated from
		the local currency, depending on the particular reporting currency’s
		translation-method setting.</Definition>
      <Note>
         <SectionTitle>Note</SectionTitle>
         <Paragraph>The standard currency system replaces the other currency
		  systems previously used in ERP Enterprise.</Paragraph>
      </Note>
      <Keyword type="glentry" order="d1e2136304">
         <Level1>standard currency system</Level1>
      </Keyword>
   </GlossaryEntry>
</Glossary>