What is difference between consolidation and revaluation?
- 1 Answers
- 3148 Views
- Deloitte, I also Faced
- E-Mail Answers
Answer Posted / tgs100
Both are entirely different. Consolidation is the process of transferring the accounting details from one or more subsidiary ledger to a parent ledger.
Revaluation is revaluing the foreign currency transactions for asset and liability accounts based on the period end conversion rate (There is no revaluation if there is no conversion rate change between the transaction time and the period end).
Translation is translating the accounting information from one currency into another currency.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
On what different real time issues you worked while doing P2P cycle implementation?
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
encumbrence set ups?
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.
What is the use of operating unit, while configure multiorg?
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
can any one tell me what exactly functional consultant do on daily basis? client requirements?
explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.
What is Work Flow of AP,AR, Sales & Purchase
What is gap analysis, how do you defined. What are the pre-requisities?
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.
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?
What are the types of setups in apps inventory module
Provide an overview of AR cash receipt processing.
could you please post some work around that any body have done in the financial modules.
