Inquiry on Best Practice for Period Adjustment to Retained Earnings after Fiscal Year Close(2025)
Summary:
We are facing a critical reconciliation issue where the P&L total from the official FY2025 financial statements does not match the Retained Earnings Opening Balance of FY2026. Consequently, this causes a data mismatch between our current P&L reports and the Opening/Ending balances of FY2026.
Since FY2025 is already closed and the official statutory reports were already submitted in April 2026, we CANNOT reopen the FY2025 periods to make any adjustments.
Content (please ensure you mask any confidential information):
We would like to request Oracle guidance and recommendations on the following:
- Is it still systemically possible and supported to adjust or post entries that impact FY2025 at this stage? If yes, what is the standard procedure to do so safely?
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