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Step 1 - Enable or Define Primary Set of Books

If you currently use Oracle Applications, you must enable your set of books as the MRC primary set of books. If you are installing Oracle Applications for the first time, you must define your primary set of books.

Note: Your primary set of books is where you record your day-to-day business transactions in Oracle Applications. The primary set of books uses a specific chart of accounts, accounting calendar, and functional currency. For MRC purposes, the functional currency is always the primary functional currency.

For each set of books you use with MRC, you need to specify whether it is a primary or reporting set of books. This is done on the Set of Books window, using the Reporting Currency Options alternative region.

See: Defining Sets of Books


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