MRC Conversion Business Rules
When you enter transactions in Oracle Applications that support MRC, they are converted, as needed, into your primary functional currency and each of your reporting functional currencies, as follows:
- Primary functional currency transactions: All transactions denominated in your primary functional currency are recorded in this currency. MRC converts the transactions automatically to each of your reporting currencies.
- Foreign currency transactions: Transactions denominated in a foreign currency are converted automatically to your primary set of books' functional currency. MRC converts the transactions to each of your reporting currencies.
MRC generally converts from the transaction currency to your reporting currencies. In some cases, MRC converts from the primary functional currency to your reporting currency. We discuss the reporting currency conversion rules in the next section.
See Also
Reporting Currency Conversion Rules
Conversion Rounding
