You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Can we add an equity account to the revaluation loss expense account field?

Summary:

Our organisation resides in Australia and according to the Australian Accounting Standards (AASB 116), a net revaluation decrease reduces the amount of accumulated in equity (Aus40.1).

We are unable to add an equity account to the revaluation loss expense account field. We are having to do monthly manual journals has a result.


Content (please ensure you mask any confidential information):

We would like Oracle to consider making the revaluation loss expense account field an open field for any account combinations and to remove the configuration that the account must include an expense account only.

Version (include the version you are using, if applicable):

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!