 Applies to:Oracle General Ledger - Version 11.5.2 to 11.5.10.2 [Release 11.5.2 to 11.5.10]
Information in this document applies to any platform.
![]() Goal
The goal of this document is to provide the steps needed to correct wrong Retained Earnings Account balances, which were updated by posting the Year End Closing Journals based on Misclassified Accounts Types. ![]() Solution
If the Year End Closing Journals program wasn't run and the journals posted then this would be a simple case of misclassified account types. However the case can become more complex depending on the operations performed by the user before and/or after the error is detected. Please read Note:1050920.6 and the General Ledger Users Guide - Maintenance: Correcting Misclassified Account Types before executing the steps described below. The general procedures are: Reopen the last period of the year Set the Account Type (and the Account Code Combination Type if you have also changed it) to what it was at the time the Closing Process was run (only where the account type was changed after having Open the first period of the new year and before running the Closing Process). Reverse the journals created by the Create Balance Sheet Closing Journals (using the change sign method) and post it on the same period(s). Change the Account Type (and the Account Code Combination Type if you have also changed it see Note:1050920.6) back to the old wrong account type - this should be the account type at the time the first period of the new year was opened. Enter a manual journal to set the final account balance in the last period of the year to zero and post it (any account other than retained earnings can be used as offset account because this journal will be reversed later).
The Retained Earnings Account begin balance for the first period of the new year may be automatically updated depending on the current account type. Change the Account Type to the correct account type. Update the Account Code Combination Type in account code combinations table using sql*plus to the correct account type (check Note:1050920.6). Reverse the manual journal created in step 5, to put back the correct accounts balance, and post it.
The Retained Earnings Account begin balance for the first period of the new year may be automatically updated depending on the current account type. Run the Closing Process again. 免责声明： ① 本站未注明“稿件来源”的信息均来自网络整理。其文字、图片和音视频稿件的所属权归原作者所有。本站收集整理出于非商业性的教育和科研之目的，并不意味着本站赞同其观点或证实其内容的真实性。仅作为临时的测试数据，供内部测试之用。本站并未授权任何人以任何方式主动获取本站任何信息。 ② 本站未注明“稿件来源”的临时测试数据将在测试完成后最终做删除处理。有问题或投稿请发送至: 邮箱/279061341@qq.com QQ/279061341 2024年上半年信息系统项目管理师第二批次真题及答案解析（完整版） 难度 813人已做 查看 【考后总结】2024年5月26日信息系统项目管理师第2批次考情分析 难度 354人已做 查看 【考后总结】2024年5月25日信息系统项目管理师第1批次考情分析 难度 318人已做 查看 2024年上半年软考高项第一、二批次真题考点汇总（完整版） 难度 435人已做 查看 2024年上半年系统架构设计师考试综合知识真题 难度 224人已做 查看
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