Contents of the Create Revaluation Entry Screen
Use the fields and options to configure the Create Revaluation Entry screen.
Identification
Use the fields in this block to create a new parameter ID or to retrieve a previously saved parameter ID. A parameter ID represents a set of screen selection parameters. After you have saved a parameter ID and its related parameters, you can retrieve them using Query.
You can use the retrieved parameters to produce reports and run processes more efficiently and with greater consistency. The saved parameters are also useful and necessary when you want to run the process as part of a batch job. Many users save a unique set of parameters for each different way they run a report or process. When you select a previously saved parameter ID or parameter description, the associated saved screen selection parameters automatically display as selection defaults. The page setup and print options, if there are any, are also included in the saved parameter ID. You can change any of the associated selection defaults as necessary.
Field | Description |
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Parameter ID |
Enter, or click to select, a parameter ID of up to 15 alphanumeric characters. Choose characters for your parameter ID that help identify the type of selections you made on the screen, such as PERIOD or QUARTERLY. When you save your record, all the selections made on the screen are stored with the parameter ID. Later, you can retrieve the parameter using Query. You can use the parameter to run the process more efficiently because you can select the parameter ID with its previously defined screen selections. After the default selections display on the screen, you can override the defaults. |
Description |
Enter, or click to select, a parameter description of up to 30 alphanumeric characters. |
Period to Revalue
Use the fields in this block to specify the fiscal year, period, and subperiod that you wish to revalue.
Field | Description |
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Fiscal Year | Enter, or click to select, the fiscal year for which you want Costpoint to create the revaluation entry. |
Period | Enter, or click to select, the accounting period for which you want Costpoint to create the revaluation entry. Note: The revaluation is a year-to-date process. It includes data recorded up to and including the selected period. Along with the revaluation entry, Costpoint also creates another journal entry that reverses the revaluation entry. If you choose to post the revaluation entry, you must also post the reversing entry.
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Subperiod | This field displays the last subperiod in the accounting period. |
End Date | This field displays the subperiod ending date. |
Account
Use the fields in this block to specify the balance sheet accounts that you want to revalue.
Field | Description |
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Range Option | Use this drop-down list to select the range of accounts that you want to revalue. Valid options are:
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From/To | Enter, or click to select, the starting and/or ending account numbers for the range of accounts you want to revalue. Depending on your selection in Range Option, one or both of these fields may be inactive. |
Non-Contiguous Ranges | Select this check box to specify a non-contiguous range of balance sheet accounts that you want to revalue. You specify the non-contiguous ranges using the Account Non-Contiguous Ranges subtask. |
Balance Sheet Organization
Use the fields in this block to specify the balance sheet organizations that you want to revalue.
Field | Description |
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Range Option | Use this drop-down list to select the range of organizations that you want to revalue. Valid options are:
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From/To | Enter, or click to select, the starting and/or ending organizations for the range of organizations you want to revalue. Depending on your selection in Range Option, one or both of these fields may be inactive. |
Rate Group ID | Enter, or click to select, the rate group you want to use for the revaluation. A rate group uses exchange rate information from one source. |
Processing Options
Offset Account for Posting
Use this group box to specify the account that will be used to charge the currency gain/loss resulting from the revaluation.
Field | Description |
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Other Comprehensive Income | Select this option to use the Other Comprehensive Income account indicated on the Configure General Ledger Settings screen. |
Unrealized Gain/Loss | Select this option to use the Unrealized Gain and Loss accounts indicated on the Manage Multicurrency Accounts screen. |
Realized Gain/Loss | Select this option to use the Realized Gain and Loss accounts indicated on the Manage Multicurrency Accounts screen. |
Posting Organization
Offset Account
Use this group box to specify the organization that will be used with the offset account(s) specified in the Offset Account for Posting group box. This is the organization where the system can charge the currency gain/loss resulting from the revaluation.
Field | Description |
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Balance Sheet Level Org | Select this option to use the balance sheet level of the organization from the account/organization being revalued. |
Source Org | Select this option to use the same organization as the one used from the account/organization being revalued. |
Balance Sheet Account to Revalue
Use this group box to specify the organization to use with the account being revalued. This is the organization that Costpoint will use to charge the amount needed to revalue the account to adjust it to the correct functional balance.
Field | Description |
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Balance Sheet Level Org | Select this option to use the balance sheet level of the organization from the account/organization being revalued. |
Source Org | Select this option to use the same organization from the account/organization being revalued. |