Defining currency revaluation

Note: Accounts Payable and Accounts Receivable accrual accounts should not be flagged for revaluation in the General Ledger application, because these subsystems have separate programs to mark accounts to be revalued and to perform revaluation. For more information, see the Accounts Payable User Guide and the Accounts Receivable User Guide.

Currency revaluation is the process of calculating gains or losses for non-base currency transaction amounts. This procedure outlines the process of setting up account revaluation for General Ledger accounts.

There are two options available to define account revaluation:

Define account revaluation for a specific detail account
Define account revaluation for a specific posting account