Step 2: Identify equity accounts that you want to revalue using a weighted average historical exchange rate

By default, Costpoint uses historical rates for the revaluation of stockholder equity accounts.

However, you can use the Manage Equity Override Accounts screen to specify any stockholder equity accounts for which you want the revaluation process to use the weighted average historical exchange rate for the revaluation date instead of using the historical rate.

For example, you could use this override option for an employee common stock account if there were significant rate increases due to market fluctuations for the period, and you felt that the weighted average rate was more representative.

Note: You can also use the weighted average historical rates for the revaluation of other types of accounts, such as long-term asset or liability accounts. To do that, however, you must change the accounts' account types to Stockholders Equity on the Manage Accounts screen. If you do that, you can still include them in their normal sections of the balance sheet.