Overview of Revaluation Tracking by Multiple Segments

The revaluation process adjusts account balances expressed in a foreign currency, based on conversion rate changes between a transaction's accounting and revaluation dates.

Here's more information about what the process does:

• Posts revaluation amounts to the accounts with foreign currency balances that are eligible for revaluation.

• Posts the offset to the unrealized gain or loss accounts from the revaluation template tracked by the balancing and revaluation tracking segments.

If you decide to set up segments for revaluation tracking, here's what you need to know:

• You can track revaluation gains or losses by up to five distinct segments, including the segments you assigned balancing segment labels to. Let's say your chart of accounts has these segments and these segment label assignments.

  Segment	Segment Label
  Company	Primary Balancing Segment
  Department	None
  Account	Natural Account Segment
  Subaccount	None
  Division	None
  Product	None
  Project	None
  Intercompany	Intercompany Segment

  Because the revaluation process automatically balances gains or losses by balancing segments, you can track up to four additional segments. Here's the list of eligible segments:

  • Department

  • Subaccount

  • Division

  • Product

  • Project

• Don't assign the revaluation tracking segment label to segments that you already assigned the Natural Account or Intercompany segment labels to.

• Remember that tracking by multiple segments applies only to the revaluation process.