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FCCS discrepancy: Net Income vs Retained Earnings Current

in Financial Consolidation and Close 2 comments

Summary:

  1. FCCS "Retained Earnings Current" is translating (from CNY to USD) at period ending rate instead of at a weighted average year-to-date rate
  2. FCCS is generating an unmatched difference between the translated Net Income and the translated "Retained Earnings Current". FCCS should be applying the difference to CTA.

We already have below request where we tried to resolve this issue using EDMCS, but it failed. If we do the same changes directly in FCCS, it is wroking fine, but while we connect EDMCS to do the changes it is breaking again.

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