Wednesday, October 7, 2009

Explain if translation is necessary when using multi reporting currency?

First let us see what is Translation? Translation is a process that allows you to restate your financial functional currency into a reporting currency.
Now let us see what is MRC? MRC is a unique feature in Oracle that allows you to maintain and report in more than one functional currency.
So with MRC you can report in more than one currency than why do you have to do translation. If the report is a consoliated report than yes translation is necessary.

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