Financial - JDE1 (MOSC)

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GL Consolidation Process combined with Restatement

edited Jun 21, 2012 5:37AM in Financial - JDE1 (MOSC) 3 comments

Hello

Is anybody using a combination of the consolidation process (R10861 and R10862), then once consolidated using the restatement (R11414A) to convert to the primary currency?

Where I am currently we do, but have hit a brick wall when it comes to the retained earnings.  The part of retained earnings is where in the restatement setup the retained earnings needs to be in the restatement ledger and a rate of $1.00 and the from ledger type = to the restatement ledger, otherwise the calculation does not match the previous year’s retained earnings + profit.

If I correct the restatement to have retained earnings as the restatement ledger it won't work due to the consolidation process invoices deleting the previous one.  The consolidated company would end up being zero in retained earnings.

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