Diplay Functional,Reporting and Local currency

Hi,
I've a requirement to display Transactions in functional,Reporting as well as in Local currency.Do I need to setup Oracle 11i Env in MRC for that?If so how to get the transactions displayed in Local cuirrency ?Do I need to Covert them or I've to create new set of books for the same like we create one for reporting currency?
This requirement is for 11.5.10.2 as well as R12
Thanks,
Mahender
Edited by: user518071 on Jul 30, 2010 6:20 AM

Hi
You need to do the following
In 11i
1. You need to set up Reporting Set of Books to get the transactions and reports in Reporting currency for Local Currency, Functional Currency.
2. If your Functional Currency is USD, Reporting Currency is EUR and Local Currency is AED, then you need to set Main SOB in USD and Reporting SOB in EUR and AED.
In R12
1. You can set Reporting currency if you need the transactions and reports in Reporting currency provided Chart of Accounts, Calendar and Convention is same.
If your Functional Currency is USD, Reporting Currency is EUR and Local Currency is AED, then you need to set Main SOB in USD and Reporting SOB in EUR and AED.
2. If the requirement is not only currency but you need for a different Calendar or COA or Accounting convention, then you need to set a Secondary Ledger
Hope this helps
Regards
Sivakumar

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