You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a presence in many countries and transactions in multiple currencies.
The implementation team decides that the GL multi-currency setup will be a part of the implementation.
The company's management in the US wants to see all transactions in USD, whereas the management in Europe wants to see the transactions in Euros. The CFO has this requirement:
While entering daily transactions, the user must be able to enter the current exchange rate. But at month end, the assets and liabilities in Euros must be converted into USD at the monthly average exchange rate.
Can this requirement be satisfied?