Simulating currency revaluation

This activity allows you to simulate a revaluation of the account balances in the base currency and the parallel base currency of the company. Tell me more.

Select the “Simulate Currency Revaluation” link under the “Customer Inquiry” business component.

The “Simulate Currency Revaluation” page appears.

Enter the following field:

Simulated Date

The date for which the simulation of the currency revaluation is being done (Date Format). The system date is displayed by default on launch of the page.

Enter the following fields in the “Search Criteria” group box to retrieve the account codes for which you want to revalue the balances:

Finance Book	Use the drop-down list box to select the code identifying the finance book for which you want to simulate a currency revaluation. All the finance books that have been defined for the company will be available for selection in the ascending order.
Currency	Use the drop-down list box to select the code identifying the currency for which you want to do a revaluation. All the currencies that have been mapped to the “Customer Receivable accounts” defined in the “Create Receivables Account Definition” activity of the “Account Rule Definition” business component will be available for selection in the ascending order.
Control Account Type	Use the drop-down list box to select the type of control account to which the accounts for which you want to do the revaluation belongs. You can select from “Customer Control Account”, “Customer Prepayment Account”, “Customer Deposit Account” or “All”. The system displays “Customer Control Account” by default on launch of the page.
Account Code	Use the drop-down list box to select the code identifying the account for which you want to revalue the currency. All the account codes that have been defined for the selected finance book, mapped to the selected currency and are of the selected control account type will be available for selection in the ascending order.
Customer Code From	The starting code in the range of customer codes for whom the account codes that you want to retrieve has been defined (Alphanumeric, 18).

Note: The code entered in this field must be before or the same as the code entered in the “Customer Code To” field.

Customer Code To

The ending code in the range of customer codes for whom the account codes that you want to retrieve has been defined (Alphanumeric, 18).

Note: If “Customer Code From” and “Customer Code To” fields are left blank the system retrieves all the account codes based on the selected currency and the control account type.

If values are entered in the “Customer Code From” and “Customer Code To” fields the system retrieves all the account codes defined for the specified range of customers based on the selected currency and the control account type.

Click the “Search” pushbutton to retrieve the revaluation information.

The system retrieves and displays the following in the “Revaluation Information” multiline based on the search criteria entered:

Account Code	The code identifying the account.
Customer Code	The code identifying the customer.
Currency	The code identifying the currency that has been mapped to the account.

Enter the following field in the “Revaluation Information” multiline:

Exchange Rate

The exchange rate of the account currency with respect to the base currency of the company (Decimal). Mandatory.

Note: The system retrieves and displays the exchange rate defined for the currency combination in the “Exchange Rate” business component. The simulation will be done with the exchange rate type used in the “Currency Revaluation” business component for the customer balance revaluation.

The system displays the following in the “Revaluation Information” multiline:

Balance in Account Currency	The account balance in the account currency.
Balance in Base Currency	The account balance in the base currency of the company.
Revalued Balance in Base Currency	The account balance after revaluation in the base currency of the company.

Note: The system calculates and displays the revalued balance as the product of the account balances in the account currency and the entered exchange rate, that is “Balance in Account Currency * Exchange Rate”.

Exchange Gain / Loss in Base Currency

The amount termed as a gain or a loss after revaluation, in the base currency of the company.

Note: The system calculates and displays the gain or the loss as the difference of the revalued account balance in the base currency and original account balance in the base currency that is ”Revalued Balance in Base Currency – Balance in Base Currency”.

Exchange Gain / Loss in %

The percentage of gain or loss after revaluation.

Note: The system calculates and displays the percentage of gain or loss as the “Exchange Gain / Loss in Base Currency” / “Account Balance in Base Currency”) * 100.

Balance in Parallel Base Currency	The account balance in the parallel base currency of the company.
Revalued Balance in Parallel Base Currency	The account balances after revaluation in the parallel base currency of the company.

Note: The system calculates and displays the revalued balance in the parallel base currency as the product of the account balances in the account currency and the exchange rate between account currency and parallel base currency as on simulated date, that is “Balance in Account Currency * Exchange Rate”.

Exchange Gain / Loss in Parallel Base Currency

The amount termed as a gain or a loss after revaluation, in the parallel base currency of the company.

Note: The system calculates and displays the gain or the loss as the difference of the revalued account balance in the parallel base currency and original account balance in the parallel base currency that is ”Revalued Balance in Parallel Base Currency – Balance in Parallel Base Currency”.

Exchange Gain / Loss in %

The percentage of gain or loss after revaluation.

Note: The system calculates and displays the percentage of gain or loss as the “Exchange Gain / Loss in Parallel Base Currency” / “Account Balance in Parallel Base Currency”) * 100.

Account Description	The textual description of the account.
Customer Name	The name identifying the customer.

The system displays the following:

Balance in Base Currency	The sum total of the account balances in the base currency of the company.
Revalued Balance in Base Currency	The sum total of the revalued account balances in the base currency of the company.
Exchange Gain / Loss in Base Currency	The sum total of the amounts termed as gain / loss in the base currency of the company.
Balance in Parallel Base Currency	The sum total of the account balances in the parallel base currency of the company.
Revalued Balance in Parallel Base Currency	The sum total of the revalued account balances in the parallel base currency of the company.
Exchange Gain / Loss in Parallel Base Currency	The sum total of the amounts termed as gain / loss in the parallel base currency of the company.

Click the “Simulate” pushbutton to simulate a revaluation.

The system simulates the revaluation of the account balances based on the given exchange rate.

Note: The system does not store the account balances after simulation.