Oracle Cloud/Fusion Manufacturing Cloud training will help you develop the fundamental skills required to set up and use the Manufacturing module. This training covers all the tasks, setups, forms and reports used in Manufacturing and related modules
Retained earnings are always
Submitted by Anonymous (not verified) on Tue, 01/24/2012 - 20:14Retained earnings are always calculated for a year, after the year end and it’s a YTD value should be same for all the periods in a year
Thanks, I know what you mean
Submitted by Anonymous (not verified) on Tue, 01/24/2012 - 21:05Thanks, I know what you mean but I wanted to ask something else
Let me explain with an ex.
Calendar year is from JAN – DEC
Retained earnings for 2009 : 10M
Retained earnings for 2010 : 11M
Retained earnings for 2011 : 12M
In the mid of 2012 another entity is merged to this one & few journals with a different BS are entered to the system. We create an FSG which combines this new BS with old BSs.
We expect the retained earnings should be the sum of both the retained earnings but its not. So am I wrong with my logic or oracle handles it differently
No your logic is not wrong.
Submitted by Anonymous (not verified) on Tue, 01/24/2012 - 21:12No your logic is not wrong. Your retained earnings after Y11 are 12M.
If you create a journal for a PL account in an old period then oracle ‘ll automatically update the retained earnings
Check the account values for one month in the account inquiry form and see which journals are impacting it that would give you good idea about the discrepancies
Correct!!! I can see the
Submitted by Anonymous (not verified) on Wed, 01/25/2012 - 03:03Correct!!!
I can see the right amounts in account inquiry.
So oracle is calculating the retained earnings correctly. The issue was with the FSG