Interested to Buy Any Domain ? << Click Here >> for more details...
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
Do you know what are user profiles in apps. Any examples you can give?
What do you understand by concurrent programs?
How to create a purchase order without a requisition?
what is global tempory table?
List of all the modules under Manufacturing, Finance and Distribution in oracle applications?
what are the different transaction clauses in AR?
tell my any difficult situtation you solved in your experience in your company?
List the types of flexfield?
can we get profile values in report without using user exists is it possible how?
What do you understand by a set of books?
In support project one ticket alloted which steps follows manualy tell me ?
how to print multi lay outs,muti currency,muti language in xml publisher
How do you register report in oracle apps?
A program must be written which accepts date parameter. The date parameter will accept data in the format DD/MM/YYYY. This data has to be validated and post validation, the following details have to be displayed for this date parameter 1. Input date must be defaulted to sysdate, It can be overridden by any other date. 2. Financial year should be displayed for this date parameter. Eg: If the input date is 30/11/2010, the financial year must be displayed as 1. From Date : 01-Aprr-2010 To Date: 31-Mar-2011 3. Calendar year and Calendar month must also be displayed. 4. The next payment cycle (say for EB), must be displayed based on this date parameter. 5. The previous payment must also be displayed based on this date.
What do you understand by soa and what are the benefits of using this architecture?
