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How Retained Earnings should be managed in planning

edited Aug 28, 2019 3:04AM in Planning 6 comments

Content

Hi All,

I need a clarification on how to manage retained earnings within a planning application for reporting purposes across different scenarios such as Actual,Plan and Forecast. One of the clients, Im currently doing the support have implemented two accounts for retained earnings under the same Total shareholder's Equity hierarchy. Please refer the following.

1. Retained Earnings/Accumulated Deficit- This account only be used to record actual retained earnings balance which is currently getting loaded from cloud financials (ERP) through data management (one to one mapping). No member formula-Dynamically calculated and aggregated from its children

2. Net Income /Loss-BS- This is a calculated account with a member formula, accumulating balances periodically from

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