Dual Reporting one for local Gaap and the other for IFRS(Component accounting)

 Hello FA Gurus

On R12 there is an option to configure a tax book and link it to a secondary ledger (metalink note 429009.1) however we are on R11.5.9 and we are not planing to upgrade neither R12 nor 11.510, hence I was wondering whether I can do the following scenario without MRC functionality because the currency in both Book will be the same. 1.-Create a New Corporate Book (Local GAAP) 2.-Mass Copy to tax Book (IFRS) 3.-Post the Journals from the Corporate Book into the GL (Local GAAP) --This Book might be like primary Book for MRC 4.-Post the Jounals from the Tax Book into another the GL (IFRS)     ---This Book might be like reporting Book for MRC Best Regards