Spice

 Profile Answers by Spice 

• Sep 28th, 2007

 

Depends - If u have to translate the balances to a currency (other than ur MRC)

roycbe

 Profile Answers by roycbe 

• Mar 24th, 2008

 

First let us see what is Translation? Translation is a process that allows you to restate your financial functional currency into a reporting currency.

Now let us see, what is MRC? MRC is a unique feature in Oracle that allows you to maintain and report in more than one functional currency.

So with MRC you can report in more than one currency than why do you have to do translation. If the report is a consoliated report than yes translation is necessary. 

Narayana Reddy

• Feb 27th, 2013

 

By Using Translation we can translate number of currencies.

By using MRC we can translate up to 8 reporting currencies only.