5 major Differences between Translation and Revaluation
Answer Posted / bismaya
1.Revaluation is a period end process, translation can be run any point of time.
2. Revaluation is used to determine the unrealised gain/loss due to foreign currency fluctuation so the source currency in revaluation is foreign currency. Translation is done to determine convert the functional currency balances to functional currency so the source currency is functional currency here.
3. Revaluation uses daily rates, translation uses period end rates (Assets& Liabilities),Period Avg Rates (Expenses and Revenues),historic rate for (Equity)
4.Revaluation journals are created once the revaluation process is run.No journal gets created only the balances get updated in the reporting currency ledger.
5.Mandatory accounts in revaluation are unrealised gain/loss accounts and in translation we have CTA(Cummulative Translation Adjustment Account.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is the use of hr: user type, while configure multiorg?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
What is the procedure for requition import?
Substitute receipts and Unordered Receipts
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
What kind of budgets have you worked on?
How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12
What is the use of operating unit, while configure multiorg?
What is the Invoicing System in Oracle R12
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
Please post the setups required to approve the payable invoice in AP.
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
Anyone provide the oracle fin/scm definetions
Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples