business currency

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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erp11
Posts: 20
Joined: Sat Dec 12, 2009 6:41 am
Location: India

business currency

Post by erp11 »

Hi, can any one tell me what is business currency, and what is the diff between functional currency and business currency.


thanks.
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nadh.oracleapps@yahoo.com
Posts: 63
Joined: Sat Nov 21, 2009 6:59 am
Location: India

Post by nadh.oracleapps@yahoo.com »

Hi erp11,

Currency of Ledger(Ledgers in R12 or Set of Books in 11i) is Functional Currency.

Currency Other than Functional is Business Currency. (Business Currency is otherwise called as Foreign Currency)
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