15.5 Revaluation

Prerequisite: You must perform ERP GL Journal Ingestion process before performing Revaluation process.

The Balance Revaluation Process is used to adjust the Account Balance Figures of the Denominated Currencies other than the Accounting Currency. The Balance Revaluation Adjustments represent the difference in the Balance Value due to changes in the Currency Conversion Rates between the Date of the Original Journal Entry and the Revaluation Date.

AFCS will automate obtaining revaluation configuration information from the Oracle ERP Cloud instance it is configured to be linked with, and use that as the basis for its revaluation process. This covers the list of code combinations that need to be revalued (scope of revaluation), unrealized gain/loss accounts to which such amounts are posted, and reversal time line and reversal time line, where relevant. This enables Revaluation process to be aligned with ERP system.

Note:

Balance computation processes in AFCS - journal ingestion, decomposition, revaluation and translation can be run incrementally multiple times a day. The service does not perform a check if such execution is requested, manually or via scheduling.