Enable the Allow Asset Revaluation Lookup

This task shows you how to enable the Allow Asset Revaluation lookup so that you can create revaluation transactions.

1. Navigate to: My Enterprise > Setup and Maintenance > Setup: Financials > Assets > Show: All Tasks > Manage Fixed Assets Lookups.
2. In the Manage Fixed Assets Lookups page, enter ORA_FA_ALLOW_REVAL in the Lookup Type field.
3. Click Search.
4. In the Financials Generic Lookup Type section, click the Create icon.
5. Enter the information in this table in the newly created row:

   Field	Value
   Lookup Code	Your book name
   Reference Data Set	Common Set
   Display Sequence	1
   Enabled	Yes (Checked)
   Start Date	Today’s date or the date when you want the Allow Asset Revaluation lookup to be enabled.
   Meaning	Your book name
   Description	Your book name

6. Click Save and Close.

Enable Revaluation for Your Book

This task shows you how to enable the Allow revaluation option for your corporate book.

1. Navigate to: My Enterprise > Setup and Maintenance > Setup: Financials > Assets > Show: All Tasks > Manage Asset Books.
2. Select the Associated Corporate Book.
3. Click Search.
4. Click the book you want to allow revaluation for.
   Note: You must first enable the Allow Asset Revaluation lookup before you can enable this option.
5. In the Rules section, click the Revaluation tab.
6. Enable the Allow revaluation option.
7. Enable Cost, Net book value, or both, depending on the revaluation method you want to use.
8. Define other revaluation rules according to your business rules.
9. Click Save.