Reclassification of Profit or Loss from Previous Periods in Reporting Entities

Getting Started

Global Functions

Administration

Extended Planning & Analysis (xP&A)

Consolidation & Financial Planning

User Interface of Lucanet Consolidation & Financial Planning

General Functions

Basic Configuration

Dashboards

Reporting & Analyzing

Elements in Ledgers and Schedules

Functions in Ledgers and Schedules

Display in Ledgers and Schedules

Views in Ledgers and Schedules

Elements in Directory Structures

Reclassification of Profit or Loss from Previous Periods in Reporting Entities

Adjust and Reclassify Values in Reporting Entities

Creating a Postings Report

Import and Journals

Planning

Consolidation

Dimensions

Excel-Integration

Workspace Configuration

ESG Reporting

Disclosure Management

XBRL Tagger

Lease Accounting

Banking & Cash Management

Data Collection

Tax Compliance & Reporting

Glossary

You can use the Reclassification of profit or loss from previous periods in reporting entities app to automatically reclassify the period result from the previous year to carry it forward. The following functional topics are covered:

Reclassification of the period result from the previous year to carry it forward in local currency

Fixation of the historical exchange rate at foreign currency companies (in different display currencies)

For reclassification purposes, the following can be configured for the reporting entities:

Data level

Adjustment level

Transaction type

Cost center (optional)

The app for Reclassification of profit or loss from previous periods in reporting entities can be created in any directory structure, provided that the element type Next Generation App has been enabled for this directory structure.

To create the app, proceed as follows:

Ensure that the object type App has been enabled in the workspace configuration for the directory structure under which you want to create the app.

Navigate to the directory structure under which you want to create the app.

Select the root folder of the directory structure or, if applicable, a folder under which you want to create the app, and select Create | App from the context menu.

The Create Next Generation App dialog appears:

Shows the dialog 'Create Next- Generation-App' — Creating an app

From the App type dropdown list, select the app for Reclassification of profit or loss from previous periods in reporting entities.

Change the name of the app if necessary.

Click Save to create the app and configure it as described below.

To configure an app for Reclassification of profit or loss from previous periods in reporting entities, click the app in the structure view and click Edit in the displayed dialog.

Configure the steps as described below.

In the Settings step, specify the posting details and the relevant reporting entities.

Shows the step 'Settings' — Step 'Settings'

Data level

Data level at which the reclassification is to be performed.

Closed or archived data levels cannot be selected.

Period under consideration

The period under consideration for which the transaction figures are to be read out as the basis for the reclassification.

Posting month

Month in which the app transfers the profit or loss from the previous period to the carryforward account.

For

planning data levels,

the app also takes actual values into account if these fall within the period under consideration.

The app automatically selects the month following the period under consideration as the month for performing the reclassification. If the last month of the period under consideration is also the last month of the data level, the reclassification is performed in the last month of the data level.

Reporting entities for which the reclassification is to be performed.

In the Adjustment levels step, specify the adjustment level(s) for the reclassification of the values.

Shows the Step 'Adjustment levels' — Step 'Adjustment levels'

The app also carries out postings at adjustment levels that are locked for other postings.

In the Reclassification step, specify the details for the reclassification.

Shows the Step 'Reclassification' — Step 'Reclassification'

Account and/or the item(s) containing the transfer accounts of the period result.

The transaction figure of the selected account or item for the Net retained earnings is used as the base value for the reclassification within the app.

Reclassification at cost center level

Activate this option to perform the reclassification at cost center level.

If this option is activated, the reclassification is performed separately for each cost center.

Cancellation of net retained earnings

The account for the cancellation of the result for the period under consideration.

With the exception of transfer accounts, all elements of type User-defined account with the period type Balance with carry forward from previous period can be selected.

Carry forward account

The carry forward account to which the result for the period under consideration is to be reclassified.

With the exception of transfer accounts, all elements of type User-defined account with the period type Balance with carry forward from previous period can be selected.

Transaction type

The transaction type that the reclassification is to be performed in.

As long as a step has not been fully configured and/or configuration errors exist, it is displayed with a red exclamation mark

Once a step is configured completely and without any errors, it is displayed with a green check mark

You can close the configuration dialog by clicking the arrow icon

at the top left.

To change the name of the app, select the app in the tree view and choose

Properties

from the context menu.

You can execute the app for Reclassification of profit or loss from previous periods in reporting entities either separately or together with other apps in an executable folder.

To execute the app separately, click Execute at the top right of the app's editing dialog:

Shows the upper part of the detailed view of an app. The command Execute is highlighted in red. — Executing the app separately

For better organization, you can create as many folders as you like in a directory structure.

You can group multiple apps together in folders and execute them together. Proceed as follows:

Ensure that the object type Folder has been enabled for the directory structure in the workspace configuration.

In the tree view, select the element under which you want to create the executable folder and choose Create | Folder from the context menu.

Enter a Name in the Create folder dialog and select a desired Behavior if there should be an error during execution of the folder:

Continue execution

Cancel execution

Save the executable folder.

Paste the apps to be summarized into the folder. Do one of the following:

Add existing elements using the menu commands

Cut and Paste

Create new apps in the folder using the

Create

context menu command.

Execute the folder and all elements contained in it by clicking Execute all subordinate elements in the detail view of the folder.

On the Created elements tab, the postings that were created during the app execution are shown.

The table provides the following information:

Type

of the element

Path

under which the element was created When you click on the link, you are taken directly to the posting in the relevant

journal

or to the report.

Date of the

last execution

that created the element

This is the tab 'Created Elements' — Tab 'Created Elements'

If necessary, you can delete all elements.

Note: Once all elements have been deleted, the state of the wizard is Not executed again.

The App properties are displayed on the tab of the same name:

Shows the 'Properties' tab of a consolidation app — 'Properties' tab

The following App properties are displayed:

Type

of the element

Function of the

App

Version

of the element.

New available version

As soon as a new version of the app is available that contains changes to the app configuration and/or the calculation logic of the app, the Refresh command is displayed, allowing you to update the app to the latest version.

Information about the changes to each version can be found in the Release Notes, which can be accessed via the link of the same name.

We strongly recommend to update all apps to the new version as soon as possible because it cannot be guaranteed how long an app with an obsolete version can be executed.

Last updated on Aug 16, 2023

Reclassification of Profit or Loss from Previous Periods in Reporting Entities

Overview

Creating an App for Reclassification of Profit or Loss from Previous Periods in Reporting Entities

Configuring an App for Reclassification of Profit or Loss from Previous Periods in Reporting Entities

Executing an App for Reclassification of Profit or Loss from Previous Periods in Reporting Entities

Displaying and Deleting Created Elements

Displaying the Properties of the App

Reclassification of Profit or Loss from Previous Periods in Reporting Entities

Overview

Creating an App for Reclassification of Profit or Loss from Previous Periods in Reporting Entities

Configuring an App for Reclassification of Profit or Loss from Previous Periods in Reporting Entities

Settings

Postings

Reporting entities

Adjustment levels