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Retained earnings closing balance of FY20 not equal to opening of FY21

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edited May 20, 2021 4:04PM in Financial Consolidation and Close

Summary

Retained earnings closing balance of FY20 not equal to opening of FY21

Content

Hi-

We came across an issue where the "Retained Earnings Current" closing balance of FY20 P13 YTD is not reflecting correctly as "Retained Earnings Prior" of P1 YTD FY21. But when I change P13 to Periodic (from YTD), the values are reflecting correctly. 

I have although raised an SR with Oracle on this and they have reverted the issue is genuine and they are looking for a reason, any help from the experts here might help resolve this faster.

Many Thanks!!

Amit

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