EPISODE 91: Foreign Currency Revaluation in Microsoft Dynamics 365 Finance & Operations

In this episode, we will learn about key concepts related to foreign currency transactions and the foreign currency revaluation process. Foreign currency revaluation feature in dynamics 365 deals with the method of translating the value of all foreign currency-denominated open accounts into the reporting currency. When the accounting currency transaction is settled, the differences in value between the purchase invoice and the payment date are recorded as realized FX gains/losses on the balance sheet.
In Microsoft Dynamics 365, foreign currency revaluation is a process used to adjust the value of a company's assets and liabilities denominated in foreign currencies to reflect the current exchange rate. This process is typically performed at the end of an accounting period to ensure that the company's financial statements accurately reflect the current value of its assets and liabilities. The foreign currency revaluation process can be done manually or automatically, depending on the company's accounting system and preferences.
In this video, let's have a quick look at all these processes.
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