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Retained Earnings when First Period of Fiscal Calendar is an Adjusting Period (Doc ID 2598664.1)

Last updated on MAY 19, 2020

Applies to:

Oracle Fusion General Ledger - Version 11.12.1.0.0 and later
Oracle Fusion General Ledger Cloud Service - Version 11.12.1.0.0 and later
Information in this document applies to any platform.

Goal

When we close the year and open the first period which is the Adjustment period, will the Revenue and Expenditure of the previous year be already rolled into Retained Earnings or will this happen in the first non-adjustment period which is 'Jan-XX'?

Solution

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In this Document
Goal
Solution

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