fx-revaluation
Retranslate all open foreign currency monetary items at the period-end closing rate per IAS 21. Posts a net FX gain/loss journal entry for the period. Keeps the balance sheet accurate when the company transacts in currencies other than AED.
Inputs
- period_id — Period id used to retranslate all open FX monetary items at closing rate and post the gain/loss JE
- fx_rates — Closing FX rate table for the period.
- period_id — Period id used to report realised and unrealised FX gains/losses for the period by currency
How you ask
- FX revaluation
- Month-end revaluation
- Year-end revaluation
Outputs
- conversation
- fx-revaluation-je (markdown)
- fx-summary (markdown)
- revaluation-summary (markdown)
Levelbeginner
Inputdata
Outputspreadsheet
Setup[none]
Roles[Finance Manager]