French Ledger Currency Revalution
I am working at a client in France who have a requirement to revalue the balance sheet / Profit and loss currency balances differently to the standard Oracle method. The process is this:
1 - conversion of P&L
2 - Operational balance sheet revaluation
3 - Structural balance sheet revaluation
The revaluation has to be run in the order described above and is to accommodate French GAAP requirements.
Personally, I have not come across this form of revalution and firstly, want to know if anyone else has heard of this revalution method and if yes, how they have accommodated it, and secondly, I am looking at a custom program to accommodate this requirement and is it possible to have this all within the same ledger.