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Reporting currency

Discussion in 'Oracle Financials' started by Rajesh A V N, Aug 3, 2016.

  1. Rajesh A V N

    Rajesh A V N Active Member

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    Hi,

    Can any one explain the reporting currency concept and it's implications at all sub ledgers.

    Please share if any documents.

    Best Regards,

    Rajesh A V N
     
  2. Subramanyam Yadav

    Subramanyam Yadav Active Member

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    A reporting currency is a financial reporting entity associated with a ledger. The reporting currency has the same chart of accounts and accounting calendar as the ledger, but usually has a different currency. To maintain ledger transactions in multiple currencies, we use reporting currencies. There are additional currency representations of primary or secondary ledgers. Reporting currencies can be used for supplementary reporting purposes, such as consolidation or management reporting. The term Reporting Currency refers to subledger or journal-level reporting currency, rather than the balance-level reporting currency.
     
  3. Rajesh A V N

    Rajesh A V N Active Member

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    Hi subramanyam,

    Thank u

    Regards,

    Rajesh A V N
     
  4. Kumar1001

    Kumar1001 Active Member

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    Reporting Currencies
    ===============

    If client wants to represent the information in a different currency other than functional currency.

    Types & Main Usage of Reporting Currencies
    ======================

    No Reporting Currencies =========> Has no need to see reports in foreign currencies.

    Balances Level Reporting Currencies ==========> Only Financial Reports need to be run in foreign currencies.

    Journal Level Reporting Currencies =========> Financial Reports and General Ledger Reports need to be run in foreign currencies.

    Subledger Level Reporting Currencies ========> Need drill down capability from reporting ledger to subledger.

    Regards,
    Kumar
     
    Sadik likes this.
  5. Rajesh A V N

    Rajesh A V N Active Member

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    Hi,

    Thank U

    Regards,
    Rajesh A V N