General Ledger FAQ: Multiple Reporting Currencies (MRC)
(Doc ID 136028.1)
Last updated on APRIL 04, 2025
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 |