on 05-01-2016 12:11 PM
Hi ALL
From BPC NW 10.0 IFRS documents, it reads " The fair value adjustments are posted by manual journal entries" , As fair value adjustment amount is constant for every accounting period, so do you have some advice on it ?
I know BPC Journal has "Reopen" function, it could copy journal entries to next period. In addition to it, is there any other good methods ?
Regards
Ajdsmod
Hi Ajdsmod,
You can use carry forward functionality to carry forward the fair adjustment to next year.
Regards,
Rahul
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Thank Rahul, it is a good method.
But for our client, the situaltion is that a fiscal year include 12 fiscal period, every period need issue consolidated report.
As my understanding, "carry forward" is only carry last period of the prior year's balance into next year, so how to accomplish adjustment in every fiscal period?
Thanks
Regards
Hi,
Use Account based calculation to copy last fiscal period to current fiscal period (field name is SOURCE PERIOD). Try to fill the field as "-1".
let say, you executed the ABC rule for 2016. APR, system will look for 2016.MAR
you executed the ABC rule for 2016. MAY, system will look for 2016.APR
Or,
You can use the combination of carry forward and Account based calculation.
Regards,
Rahul
Thank Rahul
So far, whatever methods, we need a extra action " transfer prior period's adjustment to current period".
I prefer to "Journal" method : in the acquired period, input jouranl document, then use "Reopen" function, copy the adjustment document into next period.
In my opinion, compared with method "Carry Forwad" or "Account Based Calculation" , this method's advantage is that user can understand the journal document easier than only specifc Audit ID.
Do anyone have experience for it, thanks.
Regards
Thanks
I tried, I know how to schedule a data manager package, but has no idea that DMP run every month and transfer prior period automatically
I has a idea , but not sure it is correct. Utilizing the system variables "%Year%" , and logic script " *For / *Next", loop whole this year months and transfer prior period balance. Schedule DMP once a month.
Regards,
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