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    Margaret Reed
    FCCS_Net Income Moves in 17.05
    Topic posted May 5, 2017 by Margaret ReedBlue Ribbon: 750+ Points, last edited May 8, 2017, tagged Balance Sheet, Income Statement 
    95 Views, 4 Comments
    Title:
    FCCS_Net Income Moves in 17.05
    Summary:
    The Effects of the movement of FCCS_Net Income as a child of FCCS_Retained Earnings Current
    Content:

    In 17.05 FCCS has move FCCS_Net Income as a child of FCCS_Retained Earnings Current.  The attached document details the effects of this change and steps the user needs to take.  Please let me know if you have any questions.  Document has been updated for reporting clarification.  To get Periodic and QTD Net Income the movement member should be FCCs_Mvmts_Subtotal.  FCCS_ClosingBalance and FCCS_Movements will always represent YTD Net Income.  There is no opening balance for YTD because this is current year retained earnings.  All previous years are included in Retained Earnings Prior.

    Comment

     

    • Margaret Reed

      Please note that the document has been updated on May 8, 2017.

    • Bjoern

      Hello Margaret,

      Am I right to assume that 1.)  the new account hierarchy members and the new movement members are automatically loaded into our FCCS test application and 2.) I have only to run the Migration Utility for transfering my data?

      Thank you and kind regards

      Björn 

    • Praveen Kumar

      Dear Margaret,

      The migration utility worked properly. I have a couple of questions:

      1. Should we load all data using FCCS_Mvmt_NetIncome  for all future data load? Or this is applicable to Income Statement Data only?
      2. Now what's use of "FCCS_Income Statement" member?

      This new structure is hard to read. The users will have tough time to find  P&L accounts which is now nested under Retained earning account. I am not sure if this will make sense to lot of people!