Method of valuation of the outflow of own funds from foreign currency accounts–FIFO Basis in Poland

Hi All ,

We need to know at the available revaluation methods and how the foreign currency outflows work in Oracle fusion using FIFO basis

foreign currency transactions should be revalued at the rate of the date of the first transaction of that particular set of transactions.

Exchange rate differences will arise in the foreign currency account from the company's own funds.

To determine these differences, one of the methods for valuing the outflow of funds from a foreign currency account, presented in Article 34, Section 4, Items 1-3 of the Accounting Act, should be adopted: FIFO, LIFO, or the average (weighted average) exchange rate