Conversion Rounding
MRC rounds converted and accounted amounts using the same rounding rules used throughout Oracle Applications products. MRC also considers several factors that are a part of all the currencies predefined in Oracle Applications, including:
- Currency Precision: the number of digits to the right of the decimal point used in regular currency transactions.
- Extended Precision: the number of digits to the right of the decimal point used in calculations for the currency.
- Minimum Accountable Unit: the smallest denomination used in the currency. Note that this might not correspond to the precision.
Note: Oracle Applications predefines all currencies specified in ISO (International Standards Organization) Standard #4217.
See Also
MRC Conversion Business Rules
Reporting Currency Conversion Rules
Defining Currencies
