What are the ethical responsibilities of management regarding the use and reporting of retained earnings?

RE - Retained earnings; OE - Other equity; DIV - Dividends. INC - Income (Account type: R). SALE - Sales revenue; RET - Returns and allowances. COS - Cost of ... May 10, 2021 ... NetSuite uses a system-generated account for Retained Earnings that cannot be deleted and should not be renamed. However, you can assign an ... Mar 29, 2024 ... These types of accounts must have the opening balances equal to the closing balances of previous year. Second script validates that in the new ... Apr 19, 2024 ... The client typically uses this type of account as a method of deferring income ... Approvals should be in written form and retained as ... Mar 20, 2025 ... Examples include stocks, distributions, capital contributed, dividends, and retained earnings. A revenue account reflects the amount of ... What type of account is a retained earnings account? A retained earnings account is an equity account. At the end of a given reporting period, any net income ... Jul 12, 2024 ... 0 = Balance Sheet and 1 = Profit and Loss. Now, the other thing I would keep in mind is that someone could have changed the posting type after ... Jul 11, 2016 ... The venerable corporation is the entity type we typically cut our teeth on when we learned the principles of accounting. It's the primary ... separately account for their business type services. ... What information is necessary for the Director of Accounts to certify retained earnings of the enterprise ... Apr 17, 2025 ... If the account balance will be closed to a retained earnings account at the end of the year, the posting type must be set to Profit and Loss.