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Former Member
Mar 24, 2011 at 07:34 AM

Special Item Net Profit & Net Loss in Financial statement version

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I have two queries related to the financial statement version special items of Net Result Profit & Net Result Loss. The SAP help says that "The financial statement profit or loss is determined from only those accounts assigned to assets or liabilities".

Does this mean that the difference of Assets & liabilities comes under either of these items or the amount is derived from the P&L result, please clarify. As per my understanding that we do not assign any accounts to these two nodes & the system determines the figure from assets & liabilities accounts.

Secondly where do we assign the retained earning account, in the liabilities node or in the P&L node.

Thanks