Answer Posted / guest
before knowing MRC you should have a clear picture of
REVALUATION - Is the process of converting funtional
currency into other currency and reporting any gain or loss
in terms of funtional currency.
TRANSLATION - Is the process of just translating balances
into other currency.
Mrc - gives more detail picture of reporting , here we can
assign 8 reporting set of books
once we come across the period ending process for general
ledger,(assuming we have doen transsaction with US)
we do revaluation with USD and see if there is any gain or
loss, Example purchased goods on 1jan exchange rate is 45
now i made payment on 31jan and the exchange rate is 40 ,
in this tpye of circumstances we do revaluation .
translation (assuming our parent company is in US)
In this case all the funtional curency(accounts balances)
will be translated in USD this is for just reporting to our
parent company , Example GE(hyd) GE(usd) it has to report
the balances into usd. it will translate the balances (no
revaluation)
Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
what are the balancing segments in AR?
do you know is it possible to run the interface without using oracle apps?
Explain what are the tables of auto invoice?
What is count(*) from po_vendors(any table)?
How do you register report in oracle apps?
where to define interorganization transaction charges and what are the different options?
testing tools?
Which oracle applications pl/sql standard apis you are familiar, have you used most of them?
If we have a repeated record in a table. But the repeated record how i can transfer from table to nested table?
please any one provide the oracle erp technical interview questions on modules(PO,AP,AR,INV,GL,OM)wise to my mail id..narendra_609@yahoo.co.in
pls send me out bound code of supplers,site,bankiformation code pls as soon as
Is soa a part of oracle fusion middleware?
How to create a purchase order without a requisition?
what are the prerequisites for costing transactions?
Explain oracle apps architecture.