Payables and Cash Management - EBS (MOSC)

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Use of Currency Revaluation in GL

edited Nov 10, 2014 10:06AM in Payables and Cash Management - EBS (MOSC) 2 commentsAnswered

Hi,

Using Currency Revaluation functionality in GL we can revalidate the balance from functional currency to target currency when currency fluctuations occurred.


However if fluctuations occur then system will pass respective adjustment entry in respective modules. E.g. Invoice created on 01-NOV-2014 and currency rate is 70$ and today currency rate is 60$ if I make payment for this invoice system will pass adjustment entry at payment accounting.

Respective adjustment entry passing by the system so what could be the reason to introduce currency revaluation in GL.

Regards,
Madhu

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