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General Ledger FAQ: Multiple Reporting Currencies (MRC) (Doc ID 136028.1)

Last updated on AUGUST 26, 2020

Applies to:

Oracle General Ledger - Version 11.0 to 11.5.10.2 [Release 11 to 11.5.10]
Information in this document applies to any platform.

Purpose

This FAQ document identifies the most frequently reported questions related to Oracle General Ledger - Multiple Reporting Currencie.

Questions and Answers

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In this Document
Purpose
Questions and Answers
 1. What is MRC ?
 2. Can MRC be used with the Multiple Organization feature of Oracle Applications ?
 3. What Applications support the MRC feature ?
 4. When do the transactions entered in subledgers get converted to the reporting currency ?
 5. When Can I inquire on these reporting currency transactions in the subledger ?
 6. Can I use the same responsibility for both Primary and Reporting set of books ?
 7. Does opening the period in the Primary set of books also open it in the Reporting set of books ?
 8. Can I use a different chart of accounts for my reporting set of books ?
 9. When budgets are defined in the Primary set of books do they get recorded in Reporting set of books ?
 10. Do all journals entered or created in the primary set of books get recorded in the reporting set of books ?
 11. Can I assign more than one reporting set of books to one Primary ?
 12. Does posting journals in Primary books also post them in reporting ?
 13. Do I have to define conversion options for each set of books ?
 14. Can I change the effective date once I start using MRC ?
 15. In what way does the profile option MO - Operating unit affect the MRC ?
 16. How do document numbers get assigned to journals ?
 17. When subledger posting is done for the primary set of books does it also occur for the reporting set of books ?
 18. When revaluation is run in the primary set of books does it also revalue the balances in the reporting set of books ?
 19. How does MRC handle journal import from non-Oracle feeder systems ?
 20. How is the translation process in General Ledger used with MRC ?
 21. What is the difference between the translation feature of General Ledger and MRC ?
 22. How does reversing a journal in the primary set of books affect the reporting set of books ?
 23. Do the primary set of books and reporting set of books calendars have to be the same in General Ledger (i.e. have the same first ever period) ?
 24. Where can MRC documentation be found ?
 25. The MRC guide found, in My Oracle Support, has a date of 2003. Is there more current documentation available ?
 Still Have Questions?
References

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