What is the difference between Currency Translation,
conversion and revaluation?
Answer Posted / kim khan
Conversion refers to foreign currency transactions that are
immediately converted at the time of entry to the ledger
currency of the ledger in which the transaction takes place.
Revaluation adjusts assets or liability accounts that may be
understated or overstated at the end of a period due to
fluctuation in the exchange rate between the time the
transaction was entered and the end of the period.
Translation refers to the act of restating an entire ledger
of balances for a company from the ledger currency to a
foreign currency.
Is This Answer Correct ? | 40 Yes | 8 No |
Post New Answer View All Answers
What are register in India localisation?
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 the db number of a particular customer TCA?
Can Adjustments be imported?
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?
I am created credit memo in at but while trying to complete it showing error message-hz_party_location
how to do customization while doing oracle implementation. what is the role of functional consultant in customization?
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
What is meant RD020
difference between 11i&r12
Re: what are the Issue that we face in Gl,PO and AP while Supporting
can any one tell me what exactly functional consultant do on daily basis? client requirements?
Hi guys, any person available ap,ar material pls send me this mail.id sreenathapps09@gmail.com
SLA usage ans how to define setups?
What is the use of gl set of books name, while configure multiorg?