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What is the difference between transaction currency and reporting in 11.5.10

Discussion in 'Oracle Financials' started by Moonwalker, Jul 2, 2009.

  1. Moonwalker

    Moonwalker Forum Advisor

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    What is the difference between transaction currency and reporting in 11.5.10
     
  2. apps_expert

    apps_expert Forum Expert

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    Sorry buddy, you need to be a little more specific and detailed in your question. There can be a hundred different meanings to your question. Please be more specific and explain your question.
     
  3. Moonwalker

    Moonwalker Forum Advisor

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    Sorry what i meant was that what is the transaction currency, functional currency and reporting currency in GL. And what are the difference between them.
     
  4. apps_expert

    apps_expert Forum Expert

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    Hi, to quote the manual
    So in effect your primary SOB currency is your primary or functional currency. The other SOBs you define for reporting purposes, have the reporting currency. And the transaction currrency is the one in which transactions are taking place. This link may help you more.
     
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  5. Moonwalker

    Moonwalker Forum Advisor

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    Cheers Mate !! Thanks a Million.

    I like your explanation and i will add you to my friends list if it is alright with you.