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Administrator Guide
Last Updated: 2023-06-23
Steps: Automate Revaluation

Steps: Automate Revaluation

  • Security:
    Set Up: Revaluation
     and
    Process: Revaluation
     domains in the Financial Accounting functional area.
  • Configure the
    Revaluation Run Event
     business process and security policy.
Automate posting of the revaluation journal to:
  • Recalculate foreign currency amounts in your company ledger at period end.
  • Record the gains and losses caused by fluctuating exchange rates since the transaction date.
  3. Access the
    Find Revaluations
     report.
    Locate and review revaluation results from the process. To access the
    View Revaluation Result
     report, click
    Revaluation Result
    . The report displays:
    • The accounting date.
    • Details about the revaluation rule.
    • Debit and credit revaluation amounts in the target and offset ledger accounts.
    • Process history.
  4. To ensure that you created revaluations correctly, review the
    Foreign Currency Revaluation
     report.
    As you review the results, keep these guidelines in consideration:
    • Rerun the report until the
      Exchange Gain/(Loss)
       column displays zero amounts.
    • To determine foreign currency transactions, drill into the amounts on the
      Recorded Base Amount
       column, and filter by source and period.