Update Opening Balances
Explanation
This activity is used to calculate consolidated opening balances for a given
consolidation structure, balance version and a period.
Prerequisites
In order to perform this activity,
- The combination of an active consolidation structure and a balance version
should exist for the year opening period in the Consolidation Status
page.
- The consolidated balances should exist for the last period of the previous
year.
System Effects
As a result of this activity, opening consolidated balances are generated
for the year opening period.