Carry Forward Of The Balances At The Beginning Of The New Fiscal Period
(Doc ID 2968312.1)
Last updated on AUGUST 22, 2023
Applies to:Oracle Financial Services Balance Computation Engine - Version 8.1.1 and later
Information in this document applies to any platform.
For GL types Contra Asset and Contra Liability the balance (N_BALANCE of fsi_mgmt_lgr_daily_balances) is not getting carried forward at the beginning of the new period (New fiscal period) from previous fiscal year.
For example on 31-Dec-2022 if the balance is 10 and on 01-Jan-2023 activity (debit-Credit/Credit – debit based on GL type) is 1000 then N_BALANCE should be 1010 (1000+10), but application is computing it as “1000”.
Fiscal year starts on 01-Jan and ends on 31-Dec.
Q1 Jan to March
Q2 Apr to Jun
Q3 July to Sep
Q4 Oct to Dec
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