General Ledger Journal Processing with MRC (Multiple Reporting Currencies in Oracle Applications Help)


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General Ledger Journal Processing with MRC

This section describes General Ledger journal processing with MRC for the following:

Manual journals you enter on the Enter Journals window

Unposted journals from a non-Oracle feeder system

Unposted journals from an Oracle subledger that does not support MRC

Recurring journals and MassAllocations

To process journals in General Ledger:

1. From your primary set of books, enter, generate, or import journals.

2. Post the journals in the primary set of books.

The posting process:

Updates the account balances in both the transaction currency and the primary functional currency.

Converts the journals to reporting currencies according to the General Ledger conversion rules.

Creates unposted journals in each associated reporting set of books.

3. Post the journals created in Step 2 in each associated reporting set of books.

The posting process updates the account balances in both the transaction currency and the reporting functional currency. You can report and inquire on journal entries and account balances in both your primary and reporting sets of books.

For reconciliation purposes, you can use the Financial Statement Generator (FSG) to create a custom comparison report that lists balances from your primary and reporting sets of books in separate columns. Use this report as the basis for reconciling your primary and reporting sets of books.

General Ledger Journal Processing with MRC

To process journals in General Ledger:

See Also