Interested to Buy Any Domain ? << Click Here >> for more details...
why we have to reverse the journal entries after
Revaluation?is it mandatory if why?
- 1 Answers
- 13324 Views
- Oracle, I also Faced
- E-Mail Answers
Answer / haresh
Yes, it is mandatory to reverse the revaluation journals in
the following month.
Revaluation is done for computing the unrealised gain or
loss for the month-end at the time of the preparation of
the financial statements, inorder to depict a correct
picture of the current assets and current liabilities.
After the financial statements are generated the
revaluation journals need to be reversed as the gain is
unrealised. On realisation, the gain or loss will be
autoamtically computed by the system. If the revaluation
journals are not reversed, then it would lead to
duplication.
| Is This Answer Correct ? | 13 Yes | 2 No |
At what level FA is implemented?
What is the use of operating unit, while configure multiorg?
Payable And Financial options?
What is ment by asset revaluation?
What kind of necessary ap information you gather from the client?
Can any one tell What is implementation in oracle Applications
What are KFF validations?
What is the use of defining security hierarchy?
Accounting Methods?
What is use of AP Accounting Periods?
Can I Change the Value set once i attache to MY COA and can i post the journal entries with assiging the valuesets ti the COA
What are the types of RFQ”S?
Oracle Apps Technical 
