General Ledger - EBS (MOSC)

MOSC Banner

Can I run revaluation without reversing the last one?

edited Jun 26, 2020 9:34AM in General Ledger - EBS (MOSC) 2 commentsAnswered

Hi,

We have a client that run revaluation once per year in the end of each fiscal year in Dec 31.12.2019 using the rate of the last day of the year. As per standard procedure of oracle the revaluation journals are reversed. He doesn't want the revaluation journals to be reversed because the ending balances of balance sheet accounts (the ones that are revalued) of 31.12.2019 are not equal to the opening balances in 01.01.2020. This happens because the revaluation journals are reversed in last Adjusting  period of 2019 not in January  2020 due to the 'unrealized gain/loss' account they use. (They use a

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

EBS GL Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center