International and local Accounting Regulations require companies to keep an updated record for the value of all open balances represented in foreign currency. Transactions to be settled in foreign currencies are subject to risks referring to potential changes in the exchange rates.
For this purpose in General Ledger users run Revaluation process which maintains up-to-date equivalent for the balances in functional currency.
This new Whitepaper includes information about the process in Release 12, including the following:
- Business considerations
- Process and Flow
- Definitions, prerequisites, formulas used
- Impact over other features available
- Reports
- Technical details
- Known issues
Download this one today from:
REVALUATION in EBS General Ledger R12 – Whitepaper (Doc ID 2641526.1)
We invite you to share your feedback and suggestions with us through the mentioned document.