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 price break and what are the different types of price breaks ?
can u make payment across two legal entity ? ex:- one primary ledger, two legal entity and one legal entity have "A" operating unit and another legal entity have "B" Operating unit .. i posted invoice in "A" OU, can i make payment through "B" OU ? if Yes what is mandatory setups ?
What is the process (including setups) of Assets from PO module to Assets Module in Oracle Financials?
What are the steps involved in connecting reporting set of books to primany set of books. How to translate from Functional to Reporting currncy every month or daily?
what is the difference between initial mass copy and periodic mass copy?
1 Answers BirlaSoft, Cap Gemini, IBM,
Re: what are the Issue that we face in Gl,PO and AP while Supporting
WHAT IS CLEARNCE METHOD IN AR ?
If the COA of the parent and child are difference then how will the consolidation be done?
dear gurus i would like to know about Flex field qualifiers
What is the Process of Fixed Asset From Inducation to Disposal & what are the journal entry in GL , AP AND IN OTHER MODULES
What is ment by Roll back depreciation?
Hi all, I'm confused when it comes the financial handling of transactions. What is the difference between an accounting entry and a journal entry in oracle eBS.