Differnce between Revaluvation & MRC

[mydeen bathusha]

Hi everybody

1) Explain MRC Reporting use transaction level or accounting level ,
2) Ever Balance segment use one SOB please Explain same Business group where define Navigation way

[xyzpqr]

Hi,

In MRC we can do translation for each and every transaction and in Revaluation we can see the account balance translation only .

[raghuka]

Hi
In MRC all your transactions are converted in to foreign currency in different SOB whereas in Revaluation your extisting foreign currency balances of Assets and Liabilities are Revalued and the offset amount is posted Unrealized gain or loss account.

If we have to revalue balances for more than single period previous revaluation entry has to be reversed.

[sneelisetty]

Revaluation is period end process. Revaluation will be done before 'annual general meeting' to know the status of profit and loss due to change or fluctuation in the exchange rate.
Revaluation will be done only for Receivable & Payable.
Once the AGM is over, Revaluation JE has to be reversed and actual JE is passed on the day of payment by calculating the profit & loss.
WHEREAS With the help of MRC we can report transactions from the Functional currency to Reporting currency.
MRC can be done any time. It is also for reporting purpose.
In MRC for one primary sob, we can attach 8 reporting set of books.
The Chart of Account and Calender of Primary sob and Reporting sob must be same, only currency will be different.

[Dinesh]

If in case of MRC my reporing SOB is out of sync to Primary SOB. What should I do. Translation ?