Overview
This application is used to revalue selected account foreign value balances for each currency to the base 1 and base 2 values according to the exchange rates at the end of the selected financial period.
Typical Users
Financial Controllers
Risk Factors
None
Function
When opened you will view the following:
Select the accounting period and exchange rate date you wish to revalue. The date must fall within the accounting period selected.
If you don't select a currency, the exchange rates for all currencies from all relevant suppliers will be revaluated. Alternatively, select a currency or a specific range to revaluate.
Once you have completed the selection criteria click on the 
button.
Revaluation will not be completed and cannot be posted if there are missing exchange rates for the selected exchange rate date. A validation message will inform the user of which exchange rates might be missing in order for them to be captured.
If all exchange rates exist for the day, the validation message will look as below:
When you click on the 
button the revaluation process will proceed. You will receive the following confirmation messages:
Once validation has been completed, click on the 
button to post the revaluation.
The following confirmation messages will not be displayed if you specified a range of accounts. Only if the account ranges were left blank.
When you select to print the journal(s), the following print preview will be generated:
When you click on the 
button, the following revaluation report will be generated.