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Use Case Description

  • PERTAMINA was live with JVA and parallel currency since last 4 years. However Due to IFRS requirement parallel currency setup of Pertamina was not sufficient.
  • To use functional currency USD, SLO currency conversion function was implemented.
  • Third Currency IDR needs to be swapped with hard currency USD.
  • No Changes in historical data for Financial and JVA books were needed.
  • Ledger 4C/4D needs to be removed.

Solution Brief

  • Solution approach and detailed assessment were carried out to assess feasibility of Currency conversion project.
  • USD was used as Group currency in FICO and Hard currency in JVA books.
  • Ledger 4A/4B/4E/4F currency were converted using SLO currency conversion.
  • Production sharing Accounting Ledgers 4P/4R were also converted.

Delivery

  • IFRS Compliant SAP Financial Solutions including Financial Accounting, Management Accounting & Joint Venture Accounting.
  • Feasibility report for Currency Conversion Project.