Oracle Assets allows you to periodically adjust the value of your capitalized assets due to inflation or deflation, according to rates you enter. This process is known as revaluation. The rules for revaluation often differ from country to country. Oracle Assets has the flexibility to handle your specific requirements.
Oracle Assets multiplies the asset cost by the revaluation rate you enter in the Mass Revaluations window to determine the adjustment to the asset cost.

A revaluation only affects assets added in a prior period. It does not process:

• Assets added in the current open period
• Fully retired assets
• Assets with pending retirements

Suggestion: Since Oracle Assets does not Mass Copy revaluations, when you perform a revaluation in your corporate
book, also perform it in each tax book associated with that corporate book.

Set Up Revaluation Accounts
You must set up the following revaluation accounts before you can perform a revaluation:

• Revaluation reserve account and revaluation amortization account for each category in the Asset Categories window
• Revaluation reserve retired gain and loss accounts in the Book Controls window

Control Your Revaluation
Use the status to track your revaluation. The revaluation status determines what action to perform next. The following table defines each revaluation status and their next action available.

Use Mass Transaction Number to Track Your Revaluation Definition When you save a new definition, Oracle Assets gives it a unique Mass Transaction Number. Use this number to find your revaluation definition when you want to perform the next stage in the transaction cycle.

Mass Revaluation Process
The following figure graphically illustrates the Mass Revaluation process. A detail description of the process was provided in the preceding text.