What is the difference between Secondar ledger and
Reporting Currency Ledger.
- 3 Answers
- 12893 Views
- 4i Apps, I also Faced
- E-Mail Answers
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 difference between before pages trigger and after parameter trigger in reports ?
How to set different interest rates for different suppliers ?
In Multi Org can you tell what is SHORT ENTITY ?
How do you adjust receivables?
what is the use of Allow amortized changes in fixed assets
How we will generate balance sheet through r12
What is Reccuring Invoice ? What is the default invoice date for reccuring invoices ?
How to see the structure of organization?ie which LE connected to which ledger and which OU connected to which LE?
If scenario I assigned default Mo operating unit and Mo security profile is b so what can able to see in operating unit in payable?
What Move/Merge Does ?
what is steps include after mapping in consolidation process?
how the asset flow to FA module.and it steps?
Oracle Apps Technical 
