What is revaluation in general ledger

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shahed mohiuddin

  • Oct 30th, 2006
 

Revaluation:revaluating the foreign currency journal into the functional currency.This is require when u r dealing with the foreign client.

In a nutshell revaluation means managing the gains an losses that arises due to Exchange rate fluctuation.

Revaluation is one of the multicurrency tools of oracle application E-business suite,others like translation,consolidation and multiple Reporting currency(MRC).

srinath

  • Dec 8th, 2006
 

A company's accounting records. This formal ledger contains all the financial accounts and statements of a business.

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Bonthu N Reddy

  • Jan 11th, 2007
 

?        Revaluation Launches a process that revalues the functional currency equivalent balances for the accounts and currencies you select, using the appropriate current market rate for each currency, Resulting gain or loss amounts are posted to the gain / loss or cumulative translation adjustment accounts you specify and balanced by balance segment.

 

 

Thanks n Rgds,

Bonthu N Reddy.

RIASAT ALI

  • Oct 21st, 2007
 

The treatement of revaluation in general ledger is that increase the value of the asset & credit to the "Revaluation Reserve" account treated as capital reserve it has no dividend for the shareholders.

All cost or loss related "Revaluation" charge to Revaluation Reserve account debit side.


Riasat Ali

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madivalappa

  • May 27th, 2009
 

Revaluation reflects the changes in conversion rates betwween the date of journal entry and date of receipt or payment of the foreign currency account, in GL

Whereas transalation is aprocess to translate the account balances from subsidiary to parent books , if parent functional currency is different from subsidiary functional currency .

For translation Period average rate will be considered for period transactions, period end rate for actual and budget balances, historical rate for transacting owners equity account balances.

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Sandeep Pareek

  • Sep 4th, 2012
 

Revaluation is used if, and only if, you have foreign currency transactions (i.e.Conversion of foreign currency transactions).

Revaluation uses the Period Rates Table. The Revaluation Rate is simply 1/Period End Rate.

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RAMESH BABU.R

  • Apr 24th, 2013
 

What are the currencies will be used by the revaluation?

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