Set Up Revaluation Tracking by Multiple Segments

Before you can track revaluation by multiple segments, you have to perform some setup steps.

1. Opt in to the feature.

2. Assign the revaluation tracking segment label to the segments in your chart of accounts that you want to track.

3. Enable revaluation tracking for your ledgers.

Let's take a closer look at each step.

Opt In to the Feature

Use this navigation in the Setup and Maintenance work area to opt in to the Multiple Segment Tracking for Revaluation Gain/Loss feature:

• Offering: Financials

• Functional Area: General Ledger

• Feature: Multiple Segment Tracking for Revaluation Gain/Loss

Assign the Revaluation Tracking Segment Label

Now follow this navigation:

• Offering: Financials

• Functional Area: Financial Reporting Structures

• Task: Manage Chart of Accounts Structures

1. Search for your Key Flexfield Structure and click Edit.

2. Select the segment you want to track and click Edit.

3. Select Revaluation Gain/Loss Tracking Segment from the list of segment labels and click the Move Selected Item icon.

4. Save your changes.

5. On the Manage Chart of Accounts Structure page, click Deploy Flexfield for the General Ledger Accounting Flexfield.

Enable Revaluation Tracking on the Ledger

Here's the last step:

In the Setup and Maintenance work area, go to:

• Offering: Financials

• Functional Area: General Ledger

• Task: Specify Ledger Options, with the ledger scope set

1. Select the option Track Revaluation Gain or Loss by Multiple Segments.

2. Save the change.

Keep this setting the same throughout the life of the ledger. This helps ensure consistency in processing and accurate revaluation gain and loss account balances and reports.