Revaluation is changes in the value of a country's currency relative to other currencies. Transactions can be made in different currencies, International companies can make purchases in foreign currency, whereas their Functional Currency is the home currency.
Pre-condition:
- Assign the current exchange rates of the foreign currency to functional currency.
Go to Common info > Currency Exchange rate - 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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