Secondary Leger for new currency
We have one requirement to include new currency for new OU. Present situation is that for one of our client there are having one Business Group and one ledger with three OU's under them.
Functional currecy is in USD and reporting was happening based on this currency till now. Recently they have acquired one more entity and they want that we need to include that currecny as reporting currency in place of the USD for this entity/OU.
As functional currency will not be able to show details/value in new currency for that new that entity.
Pls suggest what might be correct approach in R12 in dealling such kind of requirments. My understanding to define secondary ledger and add new currency to this, will it be helpful for me. And then all standard reports needs to be customized according to that.