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Conversion Revaluation Translation General Ledger | Oracle Apps

By Jag - October 02, 2014

Learn step by Step Guidde General Ledger Difference between Conversion | Revaluation | Translation 


Three key foreign currency concepts in Oracle GL are

Conversion
Revaluation
Translation


Conversion:
It refers to foreign currency transactions that are immediately converted at the time of entry to the ledger currency of the ledger in which transaction takes place.

Revaluation:
Revaluation adjusts liability or asset accounts that may be materially understated or overstated at the end of a period due to a fluctuation in the exchange rate between the time the transaction was entered and the end of the period

Translation:
Translation refers to the act of restating an entire ledger or balances for a company from the ledger currency to a foreign currency.


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