What is the difference between Secondar ledger and
Reporting Currency Ledger.
Answers were Sorted based on User's Feedback
Answer / thirupathi jetty
reporting currency ledger represents same primary ledger
accounting data in another currency.
secondary ledger is unlike MRC
secondary ledger is nothing but additional or optional ledger
it's represents your primary ledger accounting data in another
representation that differs in following "C" s
1. Chart of accounts
2. calendar/ period types.
3. accounting Convention
4. ledger processing options.
Is This Answer Correct ? | 8 Yes | 1 No |
Answer / deepak
Secondary ledger is used if you are required to report your
business with different parameters like
COA,Calendar,Subledger Accounting methods or Ledger options
other than what you have for your primary ledger. For
example if you are implementing business for Europe region
where the IFRS is used & you also have to report in US under
the US GAAP, you may either have your primary ledger
complying IFRS & Secondary ledger complying to US GAAP.
Reporting Currency ledgers are used if you want to report
your business under other currencies other than your
currency used for Primary ledger.
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / mahesh kumar m
secondary ledger is trnsactions and entries currency ledger
means this a 2 type of ledgers .1 INR 2 STAT
Is This Answer Correct ? | 0 Yes | 7 No |
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
what is accounting entry once we receive GRN and inventory accounting.?
3 Answers Ernst Young, Tech Mahindra,
Explain Customization process?
How many key flexfields are there in Payables?
What is GL Consolidation Elimination Process in Oracle Apps Functional?
Can I increase/decrease the size of value set?
can we stop the payment once the payment manager process has been run?
Why system asks enter valid cost center while Creating internet Expenses but i entred my cost center system ask same question could u please give me answer
Hi all, I'm confused when it comes the financial handling of transactions. What is the difference between an accounting entry and a journal entry in oracle eBS.
What is the Invoicing System in Oracle R12
what are mandatory setups for Receipt creation.?
To implement AP from scratch-what is the process?