what is MRC? Why it is needed?
- 4 Answers
- 11699 Views
- Convergys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ajay
mrc-multiple reporting currency.
it is very essential to perform transctions in diff
currencies or to convert foreign currency in inr.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / 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 |
we have clients in different countries, we can run report in different places, if i want to display particular language,country,currency everything displays for that country how?
What is ERP? Architecture of apps?
List the various types of value set.
What is the result of this query ? SELECT * FROM EMP WHERE ROWNUM = 1
in ap_terms table what data will be stored
HOW CAN U KNOW THE STAUS OF PO?
link between po and ap modules
What do you understand by soa and what are the benefits of using this architecture?
sourcing in GL
Can we customize a form with out template.fmb
What is the difference between BPA AND Contract.
in reports token is casesensitive or not?
Oracle Apps Technical 
