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[vj.jain]

GL has added new features and enhanced existing features to support foreign currency processing , they are mainly as:

* In R12, MRC feature is enhanced with a feature call Reporting Currencies. That mean it will now support multiple currency representations of data from any source, including external systems, Oracle or non-Oracle subledgers, and Oracle General Ledger journals and balances.

* The second one is in reporting to view balances view balances that were entered in your ledger currency separate from those balances that were entered and converted to the ledger currency.The change in R12 is that balances entered in the ledger currency are maintained separately from balances converted to the ledger currency for use in Reporting and Analysis.

This is different than translation.

MRC- Converting our Functional currency in to reporting currency at "Trasaction" level. Maximum we can assign 8 reporting set of books to one primary set of book. We will report our primary set of books currency in to reporting set of books currency at "Transaction" Level

Translation- converting our Functional currency in to foreign currency at "Account Balances Level". For this we need to define the period rates. Period-avg rates indicates the Expense and revenue account balances where as Period-End rates indicates the Asset and Liability account balances.




This post will be updated with more information from time to time.