R12: GLYCCJ2 Income Statement Closing Journals (Year End Close) Did Not Close Out P & L Accounts to Retained Earnings Properly (Doc ID 1072192.1)

Last updated on MAY 05, 2015

Applies to:

Oracle General Ledger - Version 12.0.0 to 12.1.2 [Release 12.0 to 12.1]
Information in this document applies to any platform.
GLYCCJ2 module: Close Process - Create Income Statement Closing Journals

Symptoms

Upgrade to R12.1.2 and testing the Income Statement Closing journal functionality.
Finding that the functional currency journal entries do not create the expected journals.
This is true for upgraded data and also for new data entered in R12.1.2.

This was working in 11i prior to upgrade but now is not.
All foreign currency entries do produce journals - only the functional entries do not.

Note for release 11i please review <note:750129.1> R11i Income Statement Closing Journals: Wrong Balance in Functional Currency

Changes

Upgrade to R12.1.2

Cause

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