Which Revalaution Rate Is Used When Income Statement Accounts Revaluation Rule=PTD
(Doc ID 417234.1)
Last updated on SEPTEMBER 18, 2023
Applies to:
Oracle General Ledger - Version 11.5.10.0 to 11.5.10.2 [Release 11.5.10]Information in this document applies to any platform.
Goal
When revaluing the MRC Reporting book Income Statement accounts we need to know what rate is being used. The manual states:
"Revaluing the PTD balance of your income statement accounts creates weighted average YTD balances using period rates"
Do the period rates mentioned mean the Period Average Rate not Period Closing Rate, in sync with the translation process and FASB52.
Solution
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In this Document
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