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Documentation > MAC-PAC Reference Library > Financials > General Ledger > Key Concepts and Procedures > Retained Earnings Account Processing > Management Reporting

Management Reporting

 

If you are using the management reporting option (Management Account Reporting flag on Reference File category 133 set to Y), two sets of year-to-date and inception-to-date retained earnings accounts are used in the financial system, fiscal and managerial.

The fiscal retained earnings accounts contain the profit/loss for the fiscal and common accounts while the managerial retained earnings accounts contain the profit/loss for the managerial and common accounts.