EQUITY ACCOUNTS OVERRIDE

Use this screen to enter exceptions (by account) to the equity accounts revaluation, which is by default, the Historical Exchange Rates method.

Instead, the stockholder’s equity accounts that you enter in this screen will use the Weighted Average Historical Rates method.

Note: If you decide to use either the Historical Exchange Rates method or the Weighted Average Historical Rates method to revalue long-term liabilities or assets, you must set up the account as a stockholder’s equity account type in the Maintain Accounts screen of the General Ledger module. Creating these accounts will not prevent you from including long-term liabilities and assets in their appropriate sections on the balance sheet.

Use this screen whenever you determine that some stockholders' equity accounts will use a different historical exchange rate during the conversion of the currency at the balance sheet date.

Account

Enter, or use Lookup to select, the account for which you need to enter exceptions.

Account Name

This non-editable field displays the account name.

Table Information

Changes in this screen update the BSRV_EQTY_ACCT_OVD (Balance Sheet Revaluation Equity Account Override) table.