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Topic

    MAK
    Multi Currency set upAnswered
    Topic posted September 14, 2019 by MAK, tagged Financials, General Ledger 
    28 Views, 2 Comments
    Title:
    Multi Currency set up
    Summary:
    Multi Currency set up steps
    Content:

    HI Gurus,

    We are planning to implement multi currency functionality for Fusion GL, PO, AP and Cash Management.. Is there a document that lists the steps to set it up? Or can you please help me with it..

    Regards,

     

    Best Comment

    Julien Dubouis

    Oracle works perfectly well with multiple currencies.
    From a setup point of view, you just need to confirm the revaluation gain/loss account and conversion rate gain/loss accounts but these accounts are already mandatory in "Specify Ledger Options" and "Manage Common Options for Payables and Procurement". Currencies are activated by default.
    From a functional/business point of view, you may just want to create revaluation rules.

     

    Comments Are Closed

     

    • Ravi Kanth Vuddagiri

      Mak - What do you mean by implement Multi currency functionality ? You have listed some modules. are you planning to implement using multiple transaction currencies in these modules ? If not please provide more information on what you mean by Multi Currency Functionality.

    • Julien Dubouis

      Oracle works perfectly well with multiple currencies.
      From a setup point of view, you just need to confirm the revaluation gain/loss account and conversion rate gain/loss accounts but these accounts are already mandatory in "Specify Ledger Options" and "Manage Common Options for Payables and Procurement". Currencies are activated by default.
      From a functional/business point of view, you may just want to create revaluation rules.