Balance Sheet Revaluation

If you use Costpoint Multicurrency and process transactions in currencies other than your firm’s functional currency, Costpoint provides the features you need to comply with Generally Accepted Accounting Principles (GAAP) standards for the United States for the following:

• Revaluation of balance sheet account balances based on fluctuations in currency exchange rates
• Disclosure of gains or losses resulting from revaluation of accounts as part of comprehensive income