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Note: You must install MRC before you can begin the setup steps in this section. See: Oracle Applications Installation Manual for information about installing MRC.

	Step Description	Window Name (Responsibility)
	Step 1 ­ Enable or define primary set of books	Set of Books (General Ledger)
	Step 2 ­ Enable and/or define reporting currencies	Currencies (General Ledger)
	Step 3 ­ Define reporting sets of books	Set of Books (General Ledger)
	Step 4 ­ Assign reporting sets of books to primary set of books: page 2 - 7	Assign Reporting Sets of Books (General Ledger)
	Step 5 ­ Define conversion options for each application: page 2 - 8	Conversion Options (General Ledger)
	Step 6 ­ Define General Ledger conversion rules: page 2 - 13	GL Conversion Rules (General Ledger)
	Step 7 ­ Define reporting responsibilities	Responsibilities (System Administrator)
	Step 8 ­ Assign reporting sets of books to reporting responsibilities	System Profile Values (System Administrator)
Table 1 - 1. (Page 1 of 1) MRC Setup Steps

Note: Daily rates are used to convert your primary set of book's transactions to the appropriate reporting currencies. If you do not currently maintain daily rates, you must do so when you implement MRC.

See:	Entering Daily Rates.
	MRC Conversion Business Rules.