discrepancy in Retained earnings -GL Issue

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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farhatmfc
Posts: 24
Joined: Fri Nov 24, 2006 12:10 pm
Location: India

discrepancy in Retained earnings -GL Issue

Post by farhatmfc »

Dear All,

Can u guide me regarding the issue there is discrepancy in the Retained Earnings account, figures of the last closing and current openings are different i know that they may be different but client is of the view that there is no difference in that ,no reserves,no profit or loss and want to know what may be the reason for this please suggest the probable reason.
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