General Ledger - EBS (MOSC)

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Standard functionality for accounting treatment of Other Comprehensive Income

edited May 21, 2018 1:28PM in General Ledger - EBS (MOSC) 2 commentsAnswered

Client has a requirement to track "Other Comprehensive Income" in a new account separate from the retained earnings account.

A brief background:

1) OCI does not need to be represented on the income statement - hence the requirement to break it out from RE.

2) However, client would like the balances of the OCI account to roll forward every year like a RE account would - i.e. roll into the opening balance sheet every January.

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