The Multi Reporting Currency Feature allows you to report and maintain records at the transaction level in more than one functional currency. You can do by defining one or more set of books in addition to primary set of books.
Multiple Reporting Currencies is a unique set of features embedded in Oracle Apps that allows you to maintain and report accounting records at the transaction level in more than one functional currency.
MRC(multireporting Currency) is used for transer the transactions from 1 SOB to another SOB for this following steps need 2 follow: 1.2 sob's repots required 1 primary and repoting
We need two set of books one primary and another secondary 1 primary set of books INR 2 secondary set of books USD Define daily rates we have to set up MCR
