Why would an accounts payable account not have a currency revaluation for a specific subsidiary

AI generated answer (using internal Slack threads):

An accounts payable account may not have a currency revaluation for a specific subsidiary due to several reasons: 1. Subsidiary Restructure: If a subsidiary restructure has occurred, the consolidated exchange rates may have been cleared or altered. This could affect the currency revaluation process and result in incorrect values being displayed in reports. 2. Intercompany Transactions: If there are intercompany transactions involving different currencies, this could result in continuous revaluations. For example, if payments are moved from one subsidiary to another, the balance is revalued at the consolidated level where all transactions must be in the same currency. This could result in a never-ending cycle of revaluations. 3. Account Settings: The revaluation process could also be affected by the settings of the account. If the revalue box is unchecked, the account will not undergo revaluation. 4. NetSuite Revaluation Process: NetSuite revalues all foreign currency transactions posted into current asset or liability accounts from day 1. If the total debit and total credit balances are being revalued separately as of the end of the period, this could be due to the way NetSuite processes revaluations. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******