If you enter a last-minute adjusting journal entry in your ledger currency after you consolidated your results, you need to rerun Translation and then reconsolidate your results. This will ensure that the translated balances reflect the latest changes and that the consolidation process uses the updated translated balances. You cannot translate only the adjusting journal entry, as this will not update the existing translated balances. You do not need to rerun Revaluation, as this is a different process that adjusts foreign currency balances to reflect current exchange rates. You should not enter another adjusting journal entry in the target currency, as this will create inconsistencies and errors in your financial statements. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Translate Balances 12