General Ledger - EBS (MOSC)

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Revaluation approach - Reversal and revaluation Vs Incremental revaluation

edited Apr 19, 2016 5:06AM in General Ledger - EBS (MOSC) 1 commentAnswered

Hi all,

As our customer is a major bank, we are running revaluation in GL on daily bais. For some reason, for couple of years they are reversing the revaluation on daily basis and running next revaluation (i.e Yesterday's revaluation would be reversed yesterday night and today's revaluation will be run after posting the reversal journal entry).

Now my question is, what is the advantage of reversing and running the revaluation, why not running the revaluation on incremental basis without reversing the previous revaluation.

Please note that we are running revaluation on daily basis. What I understand is if we run incremental revaluation, system will check for the rate difference between last ravaluation run rate and current revaluation rate and book the difference in unrealized gain/loss account.

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