The concept of Revaluation in Oracle Accounts Payable and Oracle Accounts Receivable modules is limited to only Payables accounts (for example, account 2000) and Receivables Accounts (for example, account 11000), nothing more, nothing less.

If your company buys a washing up liquid for washing your office kitchen tea cups, this expense amount for this transaction would not go up or down, in the company's book.

However, if your company buys building used for it office, the value of this could go up or down over a time. Therefore, there is a need for revaluing this Fixed Asset. This can of Revaluation is handled in Oracle Fixed Asset module, not through Payables or Receivables modules.

I hope Hasan would correct me, if my understanding about the Revaluation concept as a whole, is wrong.

Cheers,
Gavrobere