General Ledger - EBS (MOSC)

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Is this possible with Reporting Currency functionality?

in General Ledger - EBS (MOSC) Question

Question below...

SYNOPSIS:  We have a ledger in GBP (for UK and Belgium entities) and created two reporting currencies in USD and EUR.

We want to be able to report in EUR equivalent of revalued balances to truly represent the Belgium numbers as if they truly came from a EUR ledger.  Below are two sample transactions for Belgium in the UK ledger (looking at the balance sheet side only for simplicity):
Transaction #1:
AP Invoice for Belgium entity is entered as 1000 EUR and is converted at the Corporate daily rate of .81 to 810 GBP
Transaction #2:
AP Invoice for Belgium entity is entered as 1000 GBP and is not converted

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