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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.

  • Area: Finance
  • Category: finance
  • Level: beginner
  • Input: data
  • Output: spreadsheet
  • Setup: none
  • Roles: Finance Manager

Applies IAS 21 period-end foreign currency revaluation to receivables, payables, and cash balances.

How you ask

  • “FX revaluation”
  • “Month-end revaluation”
  • “Year-end revaluation”

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

Outputs

  • conversation
  • fx-revaluation-je (markdown)
  • fx-summary (markdown)
  • revaluation-summary (markdown)
  • {scope.finance.journals}/JE-{YYYY}-{NNN}.md