Revaluation Process When Choosing to Convert Revaluation Journals

  1. Revalue ledger for your selected foreign currency.

    Revaluation journal entries are created for your ledger.

  2. Post the revalued journal entries in your ledger.

    General Ledger converts, propagates, and posts revalued journal entries to your reporting currency.

  3. Is the revalued currency the same as the reporting currency?

    Yes: the revaluation process is complete.

    No: proceed to next step.

  4. Is the revalued currency the euro or EMU currency?

    If Yes: Is the reporting currency the euro or a EMU currency? If the reporting currency is the euro or a EMU currency, the revaluation process is complete. If the reporting currency is not the euro or a EMU currency, proceed to the next step.

    If No: proceed to next step.

  5. Revalue reporting currency.

    Revaluation journal entries are created in the reporting currency.

  6. Post the revalued journal entries in the reporting currency

  7. Revaluation process is complete.