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How: Funding Revaluation

edited Dec 12, 2018 4:00AM in Projects - EBS (MOSC) 1 commentAnswered

Hi All,

We are using 12.2.6 and testing Funding Revaluation. Below is our understanding of the functionality. Please advise if anything needs to be considered.

1. Enter contract project (Functional currency is MYR). Enable Funding revaluation along gains and losses.

2. Enter an agreement and fund it using revenue budget in (USD) - Exchange rate is MYR:USD=4

3. Generate cost based revenue

4. Generate Event based invoice on 25-Nov. Exchange rate is MYR:USD=4

5. Pay the project invoice in AR on 27-Nov. Exchange rate is MYR:USD=4.66. Got realized loss for XX amount

6. Update project summaries

7. Run Revaluation with baseline

Q1. Revaluation program creates additional line in the agreement funding with zero amount? Is this expected behavior or system will modify the existing funding amount?

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