Include Adjusting Entries Report Parameter - Support Advisory
Issue #1
Unexpected balances in Maturity Analysis or Quantitative Analysis, especially related to expense and remaining liability.
When could the issue manifest?
When client selects Current Fiscal Year Only, None, or Post-Transition Only options from the Include Adjusting Entries parameter.
How does the issue manifest?
Since adjusting entries can span multiple fiscal periods, choosing to only include some of the adjusting entries can result in only part of an entry being included in the report output. There may be account balances in the Maturity Analysis or Quantitative Analysis that do not exist in the journal entries.
Recommended Solution
The best practice is to include All adjusting entries when running reports. Also, users should apply the same Include Adjusting Entries parameter filter when comparing the journal entries and the disclosure reports.
Issue #2
Adjusting entries from the prior fiscal year included in reports when the parameter to Include Adjusting Entries is set to Current Fiscal Year Only.
When could the issue manifest?
When a client has a fiscal year start that is not January 1st.
How does the issue manifest?
There will be adjusting entries in the current fiscal year referencing previous fiscal years in the report output.
Recommended Solution
The best practice is to include All adjusting entries when running reports. Those adjusting entries should be reviewed prior to posting.