General Ledger FAQ for Retained Earnings (REA)
(Doc ID 136510.1)
Last updated on DECEMBER 10, 2024
Applies to:
Oracle General Ledger - Version 11.5.10.2 and laterInformation in this document applies to any platform.
ConcurrentProgram:GLYCCJ2 - Close Process - Create Income Statement Closing Journals
Executable:GLOOAP - Open Period
Form:GLXSTBKS.FMB - Set of Books
Purpose
To aid users and support analysts in Retained Earnings Accounting related doubts and problem resolution.
Questions and Answers
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In this Document
| Purpose |
| Questions and Answers |
| 1. How does Retained Earnings get calculated in Oracle General Ledger? |
| 2. Where can I find more information on Year End Close? |
| 3. When you try to open the first period of the new year, you are getting an error message in module gloire. What is causing this error? |
| 4. Where in General Ledger do you assign the Retained Earnings accounts? |
| 5. Can you change the retained earnings account in the define set of books form? |
| 6. What are the consequences of opening the first period of the new year before closing the last period of the previous year? |
| 7. Posting Journals to prior Periods |
| 8. How are manually entered beginning balances translated for retained earning? |
| 9. Unable to Open the first period in the next fiscal year because GLOOAP - Open Period fails with SHRD0180 |
| 10. Can the Intercompany Segment be used to track Retained Earnings? |
| 11. What is Retained Earnings called in Public Sector Financial ? |
| 12. What Account Type should be used for the Retained Earnings Account ? |
| Community Discussions |
| Feedback |
| References |