4-4-5 Calendar

[SIVAKUMAR_G]

4-4-5 Calendar

What is Constant in the world among Day, week, month, quarter, half yearly, Annual

Day: If is Monday Morning in Asia, then it will be Sunday night in US. So this is not Constant
Week: 7 Days per week Worldwide
Month: You have 30 Days in some months, 31 Days in some months, 28 Days in Feb - So it is not Constant
Quarter: It is 90 Days, 91 Days and 89 Days for certain quarters - So it is not Constant
Half yearly : 183 Days or 182 Days - So it is not Constant
Annual: 365 Days in General & 366 Days in Leap Year - Not constant.

So among all of the above the only thing Constant is the Week

<b>What it is:</b> 4-4-5 stands for 4 weeks, 4 weeks and 5 weeks

<b>Why it is set:</b> The comparison between two periods to be Constant. Hence among all of the above Week is Constant
and a better comparison of results is established .

<b>who should set this: </b> Financial Consultant while defining Calendar in GL which will be attached to Set of Books.

<b>When it is set: </b> At the very beginning of setting up of Calendar in GL Module and one time set up and not modifiable usually

<b>Where it is set:</b> In General Ledger Module
set up / Calendars / Accounting

<b>How it is used:</b> The comparison is made between first four weeks(First period) of First Quarter and Second Four week(Second period) of First Quarter.

When they want to compare third period it will have five weeks, they will convert second Period four weeks to five weeks to have uniform Comparison to measure the performance as for as Production, Sales and Financial statements like P&L and Balnce sheet are concerned between second period and third period

<b>Note: </b> The start date and end date will not be uniform in this method

The first period starts 31-Jan-2007 will end on 27-Jan-2008 amd
Second period 28-JAN-2008 to 24-FEB-2008
Third Period 25-FEB-2008 to 30-MAR-2008

This makes remembering the period closure date difficult still this method is used by most of the manufacturing companies for better comparison purposes

Hope this helps

Regards
Sivakumar

[kalyogi]

Hi Siva,

Thanks for your great work. It?s really very useful.

Thanks,
kalyan

[admin]

First of all thanks to SIVAKUMAR_G for sharing such a nice information. Secondly I would like to share that you have these calendar options of 4-4-5 & 5-4-4 in Inventory,

Inventory: Organization > Calendars

[sridhar_6735]

Hi Siva

Nice work. But in your example

Note: The start date and end date will not be uniform in this method

The first period starts 31-Jan-2007 will end on 27-Jan-2008 amd
Second period 28-JAN-2008 to 24-FEB-2008
Third Period 25-FEB-2008 to 30-MAR-2008

I think it should have been (if i am not wrong)

<b>The first period starts 31-Dec-2007 will end on 27-Jan-2008 and</b>


Keep up the good work.

Regards

Sridhar.R