Use Case Description

• PERTAMINA was live with JVA and parallel currency since last 4 years. However Dueto 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 FICA and Hard currency in JVA books
• Ledger 4N4B/4E14F 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