Answer / sapgaurav

It is a bridge to flow the profit or loss to the balance sheet.
In Customizing, users define the retained earnings account that is assigned to expense accounts during G/L account master record creation. If there is only one retained earnings account, the system automatically uses the one defined in Customizing. If there is more than one retained earnings account, when you create a master record, you can select the retained earnings account for each profit and loss statement account.

steps to create Retained Earning Account

T-code OB53
enter chart of accounts

Account Assignment
in P&L stmt give X
& in Account: give the account number
You can create the account in FS00 later also

Answer / srini066

when company want to show the profits operational profit and non operational profits separately then they use two retain earning account

Answer / deepika@1

retained earning is ntng by a carrying forward dis yr profit to the next year...maintain in ob53 wid the help of chart of a/c & gl a/c (fs00)

What is an account group? : fi- general ledger master data

0 Answers  

---

What are the master data pre-requisites for document clearing?

0 Answers  

---

What is called Account Modification Key?

1 Answers   Vmoksha,

---

if fiscal years are different for 2 different company codes with usd and inr currencies respectively how do you generate combined reports in usd currency?

3 Answers  

---

An asset was bought in 2000 for company code xxxx for 10000... and was depreciated for 2 years.. then realized asset was of no use in CC xxxx and was transferred to CC yyyy. what wd be capitalization value of asset in new CC

1 Answers   Infosys,

---

Hi One small Question please Can anybody please let me know the Difference between Account Based Profitability Analysis and Costing based Profitability Analysis?

3 Answers  

---

How do you deal with variances? : co- cost center accounting

0 Answers  

---

hello to all, i inquired various institutes in Bangalore, like radiant, prologc and sapware. they said 2 level training and each level they charge 15000 rupees. but these institutes are not authorized.and the faculty also not good they dont have any experience simply said they have 10 years experience, frankly speaking they don't have any experience. and they provide fake company documents like gensis ,gensoft and other companies offer letter, releving letter and other related documents along with bank statements. they are simply cheating companies. guys please be careful. and initially they tell to students they are providing 100% jobs and they tie-up with more than 80 companies. one you finish the course they wont respond your calls also. please close these type of institutes and save students and companies also. please

2 Answers   Accenture,

---

Hi all...I am new to NewGL, can any body explain in detail what is document splitting, and its purpose.

2 Answers  

---

What are the different role of SAP FICO consultant during the different implementation phases of ASAP Road map. and what are the tool and documents he is using ?

0 Answers   Infosys, TCS,

---

Explain financial closing? : fi- general ledger accounting

0 Answers  

---

company have 2 company codes, now they want to combine as one company code. as a consultant what advise you will give ?.

4 Answers   Accenture,

---