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  2. Rules
  3. ERP Armor: Rules for ERP Cloud

What are the risks related to the FC154 rule related to Journal Reversal?

 Inappropriate timing on running of reversing journals resulting in some reversing journals that are not did not get posted in the proper period.  This could result in the misstatement of financial statements.  You should understand the process for reviewing and approving JE's generated from this process.  Some organizations could be auto-posting them, some could require them to go through the journal approval workflow.