CREATE REVALUATION ENTRY
Use this screen to revalue balance sheet accounts in order to recognize realized and unrealized gains and losses.
Recognizing currency-related gains and losses enables you to do the following:
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Identify translation adjustments in Other Comprehensive Income (OCI) when preparing financial statements.
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Comply with Generally Accepted Accounting Principles (GAAP) standards for disclosure of comprehensive income.
Costpoint gives you the option of either including OCI as an additional section on the income statement or creating a separate Statement of Comprehensive Income.
Location
Identification
Use the fields in this block to create a new parameter ID or to retrieve
a previously saved parameter ID. A parameter ID represents a set of screen
selection parameters. After you have saved a parameter ID and its related
parameters, you can retrieve them using Query.
You can use the retrieved parameters to produce reports and run processes
more efficiently and with greater consistency. The saved parameters are
also useful and necessary when you want to run the process as part of
a batch job. Many users save a unique set of parameters for each different
way they run a report or process. When you select a previously saved parameter
ID or parameter description, the associated saved screen selection parameters
automatically display as selection defaults. The page setup and print
options are also included in the saved parameter ID if there are any.
You can change any of the associated selection defaults as necessary.
Parameter ID
Enter, or click 
to select, a parameter
ID of up to 15 alphanumeric characters. Choose characters for your parameter
ID that help identify the type of selections you made in the screen, such
as PERIOD or QUARTERLY.
When you save your record, all the selections made in the screen are
stored with the parameter ID. Later, you can retrieve the parameter using
Query.
You can use the parameter to run the process more efficiently because
you can select the parameter ID with its previously defined screen selections.
After the default selections display in the screen, you can override the
defaults.
Description
Enter, or click to select, a parameter
description of up to 30 alphanumeric characters.
Period to Revalue
Use the fields in this block to specify the fiscal year, period, and subperiod that you wish to revalue.
Fiscal Year
Enter, or click 
to select, the fiscal year for which you want Costpoint to create the revaluation entry.
Period
Enter, or click to select, the accounting period for which you want Costpoint to create the revaluation entry.
The revaluation is a year-to-date process. It includes data recorded up to and including the selected period. Along with the revaluation entry, Costpoint also creates another journal entry that reverses the revaluation entry. If you choose to post the revaluation entry, you must also post the reversing entry.
Subperiod
This field displays the last subperiod in the accounting period.
End Date
This field displays the subperiod ending date.
Account
Use the fields in this block to specify the balance sheet accounts that you want to revalue.
Range Option
Use this drop-down list to select the range of accounts that you want to revalue. Valid options are:
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All — Select this option to include all accounts. The From and To fields are disabled for this option. This is the default.
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One — Select this option to include only one account and then enter that account number in the From field. The To field is disabled for this option.
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Range — Select this option to include a contiguous range of accounts. Enter the beginning account number for the range in the From field and enter the ending account number of the range in the To field.
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From Beginning — Select this option to include a range of accounts that begins with the first of all the available account numbers and ends with the account number that you enter in the To field. The From field is disabled for this option.
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To End — Select this option to include a range of accounts that begins with the account number that you enter in the From field and ends with the last of all the available account numbers. The To field is disabled for this option.
From/To
Enter, or click to select, the starting and/or ending account numbers for the range of accounts you want to revalue. Depending on your selection in Range Option, one or both of these fields may be inactive.
Balance Sheet Organization
Use the fields in this block to specify the balance sheet organizations that you want to revalue.
Range Option
Use this drop-down list to select the range of organizations that you want to revalue. Valid options are:
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All — Select this option to include all organizations. The From and To fields are disabled for this option. This is the default.
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One — Select this option to include only one organization and then enter that organization in the From field. The To field is disabled for this option.
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Range — Select this option to include a contiguous range of organizations. Enter the beginning organization for the range in the From field and enter the ending organization of the range in the To field.
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From Beginning — Select this option to include a range of organizations that begins with the first of all the available organizations and ends with the organization that you enter in the To field. The From field is disabled for this option.
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To End — Select this option to include a range of organizations that begins with the organization that you enter in the From field and ends with the last of all the available organizations. The To field is disabled for this option.
From/To
Enter, or click to select, the starting and/or ending organizations for the range of organizations you want to revalue. Depending on your selection in Range Option, one or both of these fields may be inactive.
Rate Group ID
Enter, or click to select, the rate group you want to use for the revaluation. A rate group uses exchange rate information from one source.