what is the main difference between the MRC and Revaluation?
can any one tell me.
Answer Posted / ganesh
MRC is nothing but Reporting currency in R12 which converts
every txn which you enter will be converted into foreign
currency.For this u need to create a separate ledger with
foreign currency and same cal,coa.
REVALUATION is period end process which finds unrealized
gain and loss on assets,liabilities because of fluctuations
in currency.For this we have to give gain and losses
A/Cs.For this u need to define conversion rates.
Unrealized gain/Loss----Suppose u purchased items on 01jan12
and payment done on 30jan12.The difference between rate on
01jan12 and 30jan12 gives the gain and loss.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is the meaning of purchase default and what are the types
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
What kind of budgets have you worked on?
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
how service tax work.
We are running Oracle EBS 11i and yesterday whilst doing my month-end I forgot to select "calculate finance charge" on form ARXSUPST AR Print Statement run. I am struggling to get to My Oracle and was hoping someone out there might have experienced or heard of a similar problem. What are my options to rectify this situation... I look forward to you inputs..... Thank you Regards Salie
On what different real time issues you worked while doing P2P cycle implementation?
Payables Applications Technical Reference Manual
How do you adjust receivables?
Substitute receipts and Unordered Receipts
Explain about Localization (IND & US ) in Oracle Apps ?
Provide an overview of AR cash receipt processing.
What are register in India localisation?