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Transfer of current year OCI to Other Reserve balance

Received Response
edited May 9, 2023 2:15PM in Financial Consolidation and Close 1 comment


Transfer of current year OCI to Other Reserve balance

There are additional OCI accounts created as siblings to CICTA which are for capturing current year OCI movement against different Reserves. E.g. Defined benefit plan reserves, Fair Value reserve etc. 

The balance in these OCI accounts should get transferred to those specific Reserve after closing just like Retained Earning Total is transferred to Retained Earnings Prior or FCCS_CICTA is transferred to FCCS_OR OBFXCICTA 

e.g Increase / (decrease) in fair value of FVOCI debt instruments (Under OCI) should get transferred to Fair Value Reserve (Under Other Reserves)

Where can we do this set up in FCCS?

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