Revaluation run

Step by step

1. Prepare Treasury Analyst

   Treasury Analyst confirms that the required closing rates are available and bank reconciliations in scope are approved by Controller. Subledger cutoff and intercompany agreement follow the checklist dependencies. An unresolved missing rate or unapproved bank reconciliation blocks the run’s readiness.

   • Updates Exchange rates, Rate exceptions, Rate overrides, Bank reconciliations, Close tasks

2. Calculate Treasury Analyst

   Treasury Analyst creates the entity-period run with its scope, rate date and reversal method. Account totals compare current carrying balances with the closing-rate value. Open-item workings retain the original basis, prior unreversed adjustments, remaining foreign amount and proposed change. Aggregated lines reconcile to those workings.

   • Updates Revaluation runs, Revaluation lines, Revaluation items

3. Review the lines Treasury Analyst

   Treasury Analyst ties item counts and balances to aging, unapplied cash, bank and intercompany evidence. Asset increases and liability decreases create gains; asset decreases and liability increases create losses. An unexpected rate or balance returns to its source for correction and recalculation.

   • Updates Revaluation lines, Revaluation items, Invoices, Bills, Payments received

4. Submit and approve Controller

   Controller, different from the preparer, reviews the calculation, rate exceptions and reconciliations. The decision applies to the submitted version. Controller approves or returns it with a reason; a changed source or rate requires another calculation and decision.

   • Updates Revaluation runs, Approval decisions
   ApprovalA person approves before the work moves on.

5. Post Controller

   Controller’s approval posts the adjustment journal once. Monetary asset increases debit the asset and credit unrealised gain; liability increases credit the liability and debit unrealised loss. Decreases reverse those directions. The run retains the posted journal, item allocations and rate versions used.

   • Updates Revaluation runs, Revaluation items, Journal entries, Exchange rates

6. Reverse or carry Treasury Analyst

   Treasury Analyst monitors the next-period treatment. Reverse next period posts its exact linked reversal in the eligible next period before new-period activity. Delta keeps the restated basis and the next run posts only the change from that carrying value. When an item settles, its allocated adjustment leaves open-item tracking and settlement recognises only the residual FX difference.

   • Updates Revaluation runs, Revaluation items, Revaluation settlements, Journal entries

Treasury Analyst

Prepares, calculates, reviews and submits runs, then monitors reversal or carried balances.

Controller

Approves, posts and authorises corrections independently of preparation.

Auditor

Reads account and item workings.