What is difference between consolidation and revaluation?
Both are entirely different. Consolidation is the process of transferring the accounting details from one or more subsidiary ledger to a parent ledger.
Revaluation is revaluing the foreign currency transactions for asset and liability accounts based on the period end conversion rate (There is no revaluation if there is no conversion rate change between the transaction time and the period end).
Translation is translating the accounting information from one currency into another currency.
| Is This Answer Correct ? | 3 Yes | 0 No |
What is a Value set and types of value set?
Difference between header level tax calculation and line level tax calculation?
whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM.
What is Journal categories ? and what are reversal methods ?
Can you end-date the SOB's in 11i or in R12 version?
What is meant by quotation and quotation analysis?
In GL Module When does the GL_BALANCES Table Hit ?
Can any one tell me Client Interaction?
what is FSG report?
What is Payment Process Profile? and What is use of Payment process profile
What is the process (including setups) of Assets from PO module to Assets Module in Oracle Financials?
what is the difference between Revaluation and Translation? what are the steps in GL?