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Administrator Guide
Last Updated: 2024-09-20
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Run Revaluation in AP&C

Run Revaluation in AP&C

  • Configure the
    Revaluation Run Event
     business process and security policy.
  • Define and group revaluation rules.
  • If the revaluation rule creates a reversal, open the next period. See Steps: Create and Open Ledger Years and Periods in AP&C.
  • Security:
    Process: Revaluation
     domain in the Financial Accounting functional area.
As part of your close process, run revaluation in Adaptive Planning and Consolidation (AP&C) for a specified company or group of companies. You can revalue foreign currency journal amounts based on your revaluation rules for a fiscal period.
When you run revaluation in a new fiscal year, ensure you first roll forward prior year balances to create beginning balances. If you want to rerun roll forward, mass cancel the revaluation results and rerun revaluation for all periods.
Automatic revaluation supports incremental processing. If you rerun revaluation using the same criteria more than once in a period, the process only adds the incremental amount to the preceding run in the new result. Example: You reprocess because of an incorrect exchange rate.
If you need to run the complete revaluation again, cancel the existing revaluation result and rerun the revaluation.
You can see pending revaluations on the ledger period status tasks.
  1. Access the
    Run Revaluation
     task.
  2. As you complete the task, consider:
    Option Description
    Revaluation Group or Revaluation Rule
    Select from active revaluation groups or rules.
    Revaluation rules are associated with the specified companies and company hierarchies. If a rule includes a specific book code, the revaluation is for that book code only. If the rule requires the creation of a reversal journal, that reversal period must be open to submit the revaluation request.
    When you run the revaluation for a group, you can only select companies or hierarchies specified on a given rule within the group.
    Company
    The revaluation process creates a separate revaluation result for each company.
    Fiscal Period for Revaluation
    Workday uses the end date of the selected period for the revaluation.
    Revaluation Reversal Date
    Populates to the first day of the next period. To change the date, enter a reversal date that is after the run date. Workday posts the reversal journal when the ledger period for the selected date opens.
    Workday populates this field when you enable the
    Create Reversal
     option on the revaluation rule.
For each company, the revaluation result creates the revaluation journal, target result lines, and offset result lines in the specified period based on the revaluation group or rule you select.
Workday also initiates the
Run Revaluation
 business process for review and approval of these revaluation results. If the business process includes an approval step, the journal remains in a
Proforma
 status until the reviewer approves or denies the revaluation results. For denied revaluation results, the business process updates the journal status to
Canceled
. For approved revaluation results, the business process:
  • Posts the results to the revaluation journal.
  • Updates the revaluation journal to
    Posted
     status.
  • Creates and posts a reversal journal in the next period or on the specified date, if the revaluation rule requires it.
If you rerun the entire revaluation, you can cancel the original revaluation result. Use the
Find Revaluations
 report to locate the result, and from its related action menu select
Revaluation Result
Cancel
.
To cancel all
Approved
revaluation results for an open or closed period, use the
Mass Cancel Revaluation Results
task.
When you enable the
Always Reverse Operational Journals
 option on the
Edit Tenant Setup - Financials
 task, Workday creates reversal journals for the canceled revaluation result.