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Former Member
Aug 11, 2009 at 09:48 AM

Reverse Revaluation Process after month end

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Hi All,

I want to ask is it a common practice to reverse the revaluation postings done by FAGL_FC_VAL after the month end process? If so, that means the revaluation process is just giving us a better estimate of the outstanding AR and AP amount in the balance sheet to make it more accurate. Is this correct?

Thanks.