Interested to Buy Any Domain ? << Click Here >> for more details...
5 major Differences between Translation and Revaluation
- 1 Answers
- 2555 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
What is the meaning holding tax?
How do you adjust receivables?
What is the use of gl set of books name, while configure multiorg?
What is the Invoicing System in Oracle R12
Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples
what is the meaning of purchase default and what are the types
On what different real time issues you worked while doing P2P cycle implementation?
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
What is Reporting of financial data in a project.
Payables Applications Technical Reference Manual
What kind of necessary ap information you gather from the client?
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 is the db number of a particular customer TCA?
Invoice Approval Process?
Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues
