In multicurrency applications, users can set the reporting currency in which to display aggregated planning unit values (if an administrator has fully defined the planning unit intersection). For example, before approving your budget, you can see your total budget's value. The value is formatted using your preference as described in this section, or the application settings if the Use Application Defaults option is selected. The selected reporting currency member determines the precision, scale, and currency symbol settings. If you do not set the reporting currency in a multicurrency application, the aggregated planning unit value is displayed in the application's base currency.