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    Ligia Olguin
    Adjustments to Retained Earning PriorAnswered
    Topic posted March 12, 2019 by Ligia OlguinGreen Ribbon: 100+ Points 
    69 Views, 1 Comment
    Title:
    Adjustments to Retained Earning Prior
    Summary:
    Post journals directly to Retained Earnings Prior account
    Content:

    Hi guys,

    Our client prefers to make the adjustments directly to FCCS_Retained Earnings Prior instead of using an adjustment account. Is there any warning against that practice? I couldn't find anything in the documentation. 

    Please, let me know if you have some experience with that approach.

    Thanks!

    Ligia

    Best Comment

    Ligia Olguin

    Update: Oracle recommends adjusting RE Prior using movement Opening Balance. And as long as the client gets the results they want, it should be OK. :)

    Cheers.

    Comment

     

    • Ligia Olguin

      Update: Oracle recommends adjusting RE Prior using movement Opening Balance. And as long as the client gets the results they want, it should be OK. :)

      Cheers.