Financial - JDE1 (MOSC)

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How to calculate Retained Earnings for Multiple Business Units under same company?

edited Feb 5, 2016 4:02AM in Financial - JDE1 (MOSC) 1 commentAnswered

How to calculate Retained Earnings for Multiple Business Units under same company during Year end close? As per Oracle documentation " If you have multiple balance sheet business units for one company, you must set up AAI item GLG4 for the company and specify one balance sheet account. Then, for year-end processing, you must allocate all of the balance sheet business units to the balance sheet business unit specified in GLG4 for the company. If you do not do this, your company will be out of balance because the offset amount for net income would reflect the accounts for one

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