Special Item Net Profit & Net Loss in Financial statement version

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

Hello,
For your first question, yes your understanding is correct. The difference of the items assigned to the Assets and Liabilities will come under the Net Result Profit or Net Result Loss, as the case may be.
For your second question, the retained earnings should be assigned to the Liabilities node.
Ideally, when you assign the retained earnings to the Liability node, the Net result Profit or Loss should become "zero" assuming that you had assigned all the GL accounts from your trial balance to the correct nodes in the Financial Statement Version.
Regards,
Mike

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check again
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I applied FSE2 to the Role for my Control Team to update and change the FSV.
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that Ledger above which Dinesh Kumar Rengarajan menitone is only relevant when New GL is activated. I think you didn't have New GL active or?
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Financial statement version ABC saved; see long text
Message no. FE713
Procedure
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Regarding your problem is just a message its not a warning message as far as the message is displayed for you just in green colour.
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Special Item Net Profit & Net Loss in Financial statement version

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