Revaluation for GL Cash Account Is Different From FX Treasury Revaluation

(Doc ID 2076664.1)

Last updated on SEPTEMBER 14, 2016

Applies to:

Oracle General Ledger - Version 12.1 and later
Information in this document applies to any platform.


Oracle revaluation for GL cash account does not match the Treasury revaluation results.

The Treasury is revaluing foreign currency balances for GL cash account by carrying over the existing balances to which they apply the new FX rate, without reversing the previous revaluation result.  The difference between the new converted balance and previous converted balance is booked as foreign currency gain/loss.

As opposed to this, GL revaluation for the GL cash account foreign balances is performed calculating the change in functional currency based on the new rate compared to the original rate of the transactions.  As a result, there is a considerable difference between the foreign currency gain/loss result reported by GL and that calculated by Treasury.

Expect that converted amount resulting from GL revaluation matches the Treasury conversion results.


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