Answer / 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

how the asset flow to FA module.and it steps?

2 Answers  

---

What is the Use of Grouping Rule in Receivables ? is it mandatory field ?

0 Answers   Doyensys,

---

what is VAT claim process?

0 Answers  

---

How can we Integrate AP,AR,CM & FA to GL? What is the procedure need to fallow as a functional consultant?

2 Answers   Genesis,

---

Define suspense account in Oracle apps and why is it mandatory?

4 Answers   Oracle,

---

Explain payment process profile?

2 Answers   Deloitte,

---

what is consolidation process?

1 Answers   Ernst Young,

---

what is the accounting convention? what are they?

1 Answers   IBM,

---

Can you hold partial payments? And how can that be achieved?

1 Answers  

---

what is difference between realized and unrealised gain or loss?

1 Answers   Ernst Young,

---

Purpose of Payable invoice open interface?

1 Answers  

---

what is asset creation accounting entry?

3 Answers  

---