Retained Earnings Recalculation After Year-End Close

Summary:

Oracle performed the year-end close automatically without any manual intervention. As expected, I noticed that all revenue and expense accounts have zero balances in July.

If we post an adjustment to the closed fiscal year (June 30, 2026), will Oracle automatically recalculate and update the Retained Earnings balance? Or is there a separate process that needs to be run to refresh the Retained Earnings amount?

Has anyone encountered this scenario? Any guidance would be appreciated.

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