Reporting Currencies for Standard Multicurrency Applications

Note:

This topic assumes the Standard multiple currency option was selected during application creation. If the Simplified multiple currency option was selected, see About Simplified Multicurrency.

A reporting currency is the currency in which your company prepares financial statements. The application supports currency conversion from local currencies to one or more reporting currencies. Converted reporting currency values are stored and read-only for all users. An application’s default currency is the default reporting currency. You can disable a currency as a reporting currency.