Use of Translation Adjustment Account.

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
Post Reply
ajeeshmb
Posts: 23
Joined: Wed Nov 15, 2006 2:26 am
Location: India

Use of Translation Adjustment Account.

Post by ajeeshmb »

Hi

Plz tell me the use of Translation Adjustment account.
Top
jyothi
Posts: 6
Joined: Fri Mar 02, 2007 1:11 am
Location: India

Post by jyothi »

This account is necessary if you choose to translate your functional currency balances into another currency for reporting or if u choose to revalue foreign cureency-demominated balances.General ledger automatically posts any net adjustments resulting from currency translations or revaluation to this account.



Jyothi.ch
Top
Post Reply

Return to “Financials (GL, AP, AR, FA & CM)”



Who is online

Users browsing this forum: Google Adsense [Bot] and 4 guests