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.