This process revaluates funding for a single project and is run prior to running the PRC: Generate Draft Invoices and PRC: Generate Draft Revenue. For more information about Revaluate Funding see: Revaluate Funding.
Unbaselined revaluation adjustment funding lines, and the corresponding realized currency gains and losses events created by earlier runs are deleted when the Revaluate Funding process is run for a single project. The process updates the summary project funding after deletion.
Submit the PRC: Revaluate Funding for a Single Project process from the Submit Request window. See: Submitting Requests.
Project Number: Enter the number of the project for which you want to run the revaluation process. The selected project must have the project level funding revaluation option enabled.
Revaluation Through Date: Enter the revaluation through date. All the paid and unpaid amount are taken as of the revaluation through date, and all invoices used in the revaluation calculation are till this date. The default is the system date.
Revaluation Rate Type: Optionally, enter the revaluation rate type to revaluate from the funding currency to project functional currency and invoice processing currency. Valid values are the Oracle General Ledger Rate types.
Note: If no revaluation rate type is entered, the rate type defined at the project level for converting from funding currency to project functional currency and invoice processing currency will be used for revaluation.
Revaluation Rate Date: Optionally, enter the revaluation rate date to revaluate from funding currency to the project functional currency and the invoice processing currency.
Note: If no revaluation rate date is entered, the revaluation through date will be the default value.
Baseline Revaluated Funding: Select whether you want the funding adjusted lines to be baselined immediately after the revaluation process. Valid values are Yes and No.
Note: If you choose to baseline the revaluated funding immediately, the process will only baseline the revaluated funding for projects that have Baseline Funding Without Budget option enabled.
The following reports show the results of this process:
The Funding Revaluation Process Report. Lists all summary project funding successfully processed. For each summary project funding the report displays the project, customer, agreement and task for which the net revaluation funding line was created. It also displays the baselined funding in funding currency, funding revaluated, baselined funding before revaluation, revaluation adjustment, rate type and rate in the project functional and invoice processing currencies, and adjustment baselined or not.
The Funding Revaluation Exception Report: Lists all eligible projects for which the funding revaluation process did not complete successfully. For each rejected project, the report displays the rejection reason.