The Year Type
(Fiscal or Calendar), is used only to determine which two digits to append to
the system generated period name.
Regardless of
which Year Type is used, the 'Year' entered on the Calendar form must be the
same for all periods in your fiscal year - whether it is a calendar year or a
fiscal year.
If
Year Type = Calendar:
The last 2 digits of the 'From' date for the period are used.
If
Year Type = Fiscal:
The last 2 digits of the value in the 'Year' column are used.
Note:- Carefully consider the type of
calendar you need for your organization, since it can be difficult to change
your calendar (e.g., from a fiscal year to a calendar year) once you've used it
to enter accounting data.
Examples
are as follows:
Your fiscal year runs from April 1998 through March 1999.
For your 1999 fiscal year, you have defined your calendar as:
Prefix Year Period From Period To
-----------------------------------------
Apr 1999 01-Apr-1998
30-Apr-1998
May 1999 01-May-1998
31-May-1998
Jun 1999 01-Jun-1998
30-Jun-1998
Jul 1999 01-Jul-1998
31-Jul-1998
Aug 1999 01-Aug-1998
31-Aug-1998
Sep 1999 01-Sep-1998 30-Sep-1998
Oct 1999 01-Oct-1998
31-Oct-1998
Nov 1999 01-Nov-1998
30-Nov-1998
Dec 1999 01-Dec-1998
31-Dec-1998
Jan 1999 01-Jan-1999
31-Jan-1999
Feb 1999 01-Feb-1999
28-Feb-1999
Mar 1999 01-Mar-1999
31-Mar-1999
If your Year Type is FISCAL, these are the Period Names that would be
created:
Prefix Year Period From Period To
Name
-------------------------------------------------
Apr 1999 01-Apr-1998
30-Apr-1998 Apr-99
May 1999 01-May-1998
31-May-1998 May-99
Jun 1999 01-Jun-1998
30-Jun-1998 Jun-99
Jul 1999 01-Jul-1998
31-Jul-1998 Jul-99
Aug 1999 01-Aug-1998
31-Aug-1998 Aug-99
Sep 1999 01-Sep-1998
30-Sep-1998 Sep-99
Oct 1999 01-Oct-1998
31-Oct-1998 Oct-99
Nov 1999 01-Nov-1998
30-Nov-1998 Nov-99
Dec 1999 01-Dec-1998
31-Dec-1998 Dec-99
Jan 1999 01-Jan-1999
31-Jan-1999 Jan-99
Feb 1999 01-Feb-1999
28-Feb-1999 Feb-99
Mar 1999 01-Mar-1999
31-Mar-1999 Mar-99
If your Year Type is CALENDAR, these are the Period Names that would be
created:
Prefix Year Period From Period To
Name
-------------------------------------------------
Apr 1999 01-Apr-1998 30-Apr-1998
Apr-98
May 1999 01-May-1998
31-May-1998 May-98
Jun 1999 01-Jun-1998
30-Jun-1998 Jun-98
Jul 1999 01-Jul-1998
31-Jul-1998 Jul-98
Aug 1999 01-Aug-1998
31-Aug-1998 Aug-98
Sep 1999 01-Sep-1998
30-Sep-1998 Sep-98
Oct 1999 01-Oct-1998
31-Oct-1998 Oct-98
Nov 1999 01-Nov-1998
30-Nov-1998 Nov-98
Dec 1999 01-Dec-1998
31-Dec-1998 Dec-98
Jan 1999 01-Jan-1999
31-Jan-1999 Jan-99
Feb 1999 01-Feb-1999
28-Feb-1999 Feb-99
Mar 1999 01-Mar-1999
31-Mar-1999 Mar-99
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