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changes.mady.by.user Liz Dorado

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changes.mady.by.user Joana S. Menor

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Revaluation is changes in the value of a country's currency relative to other currencies.  Transactions can be made in different currencies. A company can make purchases in foreign currency, whereas their Functional Currency is the home currency. 

Pre-condition:

  1. Setup the Company Configurations. The Default Types and Unrealized and Unrealized and Realized gain or loss account
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  2. Assign the current exchange rates of the foreign currency to functional currency.
    Go to Common info > Currency Exchange Rate.
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  3. Close the period to be revalue. Go to Fiscal Year > Open the Fiscal Year of the period to revalue > Close the period of the module.

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