14.5.1.1.2 Dimensions

Revaluation creates an automatically reversing entry for the difference between the original functional currency equivalent balance and the revalued functional currency equivalent balance in each Fiscal Period you revalue. As the transactions automatically reverse, the effect of revaluation is completely withdrawn in the Fiscal Period that follows the last Fiscal Period you specify for revaluation. Therefore, use the Unrealized Gain or Unrealized Loss to record the account transactions for the Unrealized Gains and Unrealized Losses in each Fiscal Period you revalue.

To record the account transactions for the Unrealized Gains and Unrealized Losses for a Legal Entity required during the Revaluation Process, do the following:

1. Navigate to the Dimensions Tab. To navigate to the Dimensions Tab, on the Home Page, click Administration, and click Balance Revaluation.

   The Balance Revaluation Settings Page is displayed. Click the Dimensions Tab.

2. On the Dimensions Tab, all the available Legal Entities are listed on the Left Hand Side. For a Legal Entity, to set up the Unrealized Gain and Unrealized Loss, select the required Legal Entity, and do the following:
   1. Click the Unrealized Gain Account and select the required value from the list.
   2. Click the Unrealized Loss Account and select the required value from the list.
   3. Click Save to save the changes. An Acknowledgement Message is displayed: Saved successfully. Close the Acknowledgement.