Adding foreign ledger/subledger to existing USD setups..

Hi Everyone,

We currently have a functional USD based implementation for ledger and sub-ledger, but now I wanted to look further into incorporating a foreign reporting set of books into the mix and had a few questions:

If we add a foreign currency (reporting) Accounts Payable , could I also create a global AP responsibility that could see across both the USD and foreign AP?

If we have a foreign AP that feeds to a foreign GL, is the norm to then consolidate the foreign GL into the USD functional ledger?

Any clarification would be greatly appreciated,

Karl