Interested to Buy Any Domain ? << Click Here >> for more details...
5 major Differences between Translation and Revaluation
- 1 Answers
- 2647 Views
- I also Faced
- E-Mail Answers
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
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
Provide an overview of AR cash receipt processing.
How to support projects life cycles details?
What is the procedure for requition import?
How do you adjust receivables?
what is the difference between bonus reserve and bonus expense
Anyone provide the oracle fin/scm definetions
Can I do a payment of 50 bills on a post date. If yes, then how?
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
What do you mean by controlling buyers workload?
payment types and payment methods.
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
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 multi org? What is difference between 11i and 12i multi org structure?
