How to operate the revaluation only for a month

Hi all

My client uses AP, GL and THIS. My client has started working on the production environment on September 30, 2010. On that date, we walked all balances and the work continued normally.
Now the customer in October entered the different transactions in foreign currency. He wants to run reassessment for some accounts for October, but we wanted to this problem. We have not entered daily rates and we run revaluation only for a month, of October if we choose once on rate options and enter the exchange rate that we want.

Press us the button reevaluate and choose October on the parameters of the program - report to reassess the balances. There is only one account to be subject to a reassessment and for October, this account is reviewed correctly, but meanwhile it also calculates transactions in September, which is a newspaper and i do not want. I want reassessment that for October and not for the transaction of September. The September operation is correct, and I don't want any change or reassessments inside.

Can you please tell me how I can accomplish this?

Thank you and best regards
Ernest

Hi, Ernest

Let me explain the process that we follow for purposes of revaluation. Maybe you can use the same:

1 allows to assume that my functional currency is USD and I have a balance of account (1110 say that corresponds to the account of Bank) to 1100 GBP and USD equivalent is 1000 30-Sep (lets assume that it is the first month of operation).
2. now I want to make a re-evaluation of this account and the current exchange rate is USD/GBP 0,9. So, I'll run the revaluation for this account. The system will calculate the balance in the functional currency as $990. It will take so $10 in the account of exchange losses.
3. Thus, after recosting, the 1110 account balance is GBP 1100 and equivalent 990 USD.
4. I will also implement a rule of automatic reversal by which the revaluation journal entries gets knocked down the 1st of the month following (UN-fit period).
5. If so, the entrance of reassessment gets reversed on 01 - Oct.
6. the balance of the account 1100 (after reversal of revaluation) is GBP 1100 and equivalent 1000 USD (back to the situation where it was before the revaluation). The justification for the reversal is that this Exchange or loss gain is unrealized and therefore should be canceled to reflect the actual fluctuation.
7. now in Oct we do not mean that a single transaction - GBP100 payment equivalent to $95.
8. whereas on 31 - Oct, the balance of the account 1110 is 1000 GBP and $905 equivalent.
9. now, the rate of Exchange in effect on 31 - Oct is 0.92 USD/GBP.
10. as a result, we'll run the revaluation as on 31 - Oct. The system will calculate the balance in the functional currency as $920. It will take so $15 in the account of foreign exchange gain.
11. Thus, after recosting, the 1110 account balance is 1000 GBP and equivalent 920 USD.
12 once again steps 4 a go repeats each month.

Hope that clarifies. Please let me know if you need any other clarity in this regard.

Serge

Tags: Oracle Applications

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