Answer Posted / pravin.llc
Revaluation: Revaluation is a Process of Finding Unrealised Gain or Unrealised Loss of the Liability or Asset account.
Ex: when a Org Purchases a Asset on credit, say in foreign currency through this process an organisation is able to know how much gain/loss incurred on that day.
Prerequsites:
Difine Unrealised Gain/Loss Account
Difine Currency Rates for Period End
Run Program Revaluation.
Translation: Translation is a Process of Converting Entries from Functional Currency to Foreign Currency
Prerequisites:
Difine Translation Adj Account
Ensure Previous Period is opened
Difine Currency Rates for Period Average type
Run Translation Program
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What are register in India localisation?
What are the inventory report to check inventory status.
What is the use of operating unit, while configure multiorg?
Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"
What is gap analysis, how do you defined. What are the pre-requisities?
I am working on PPR process to print checks. Currently the checks are printing for each supplier, supplier site and payment method group. My requirement is the invoice level one DFF is available (like A and B are the input values). Please let me know how include this DFF at invoice grouping level.
difference between tds and income tax (India)
What is the use of gl set of books name, while configure multiorg?
What do you mean by controlling buyers workload?
what is VAT claim process?
On what different real time issues you worked while doing P2P cycle implementation?
Substitute receipts and Unordered Receipts
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.