Answer / tgs100

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.

What is internal-external bank (account)? Suppliers bank account? Inernal-external sales order? In AP, do you settup each supplier with its own account or you just use your expense/charge account for all supplier.Whatif you want to know how much money you paid to a particular supplier?

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