The accounts receivable manager runs a foreign currency revaluation on February 5. The foreign currency revaluation has a considered date of January 31. The period closing for this revaluation is…

Question

Options

• AThe revaluation includes only documents that have settled amounts on the considered date.
• BThe revaluation excludes documents that have been settled on the considered date.
• CThe revaluation includes all documents, including unposted, that have open amounts on the
• DThe revaluation includes all documents, excluding unposted, that have open amounts on the

• A
  14% (9)
• B
  8% (5)
• C
  5% (3)
• D
  73% (46)

Explanation

Field: Considered date The date for which all transactions that have open (not settled) amounts are found. When foreign currency amounts are revalued on a considered date, this date becomes the last foreign currency revaluation date for the transactions that are revalued. You can run a foreign currency revaluation job for a considered date that is earlier than the last foreign currency revaluation date on transactions that have already been revalued. However, transactions that are open on the earlier considered date, but that have a more recent last foreign currency revaluation date, are not revalued by the periodic job.

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