Chaning Financial Year

[rajiv_erp]

Hi,
Can anyone help me with this issue please, changing financial year, from June-July to Jan-Dec...
The company is using all the modules of Oracle Financials (GL, AP, CM & FA) except Oracle Receivables. Recently the government changed its financials year, starting January till December. The company being a state owned company, decided to follow the government policy.
Now they want to change their financial year. This year being special, they want to close the year in December 2010 and not in June 2010, making it an 18 months year.
Note that they have one adjusting period at 30 June.
What is the best possible solution that can be proposed to the client, please help.

Thanks and Regards.
Rajiv [:)]

[oteixeira]

Hello.

If in R11i, you will need to create a new Calendar and a new Set Of Books.

Octavio

[rajiv_erp]

Hi Octavio,

Thanks for your reply.

They are using Oracle EBS R12.0.6.

Any idea on how I can proceed?

Thanks and Regards,
Rajiv

[oteixeira]

Hello.
In R12, Sets Of Books have been replaced by Ledgers. I only know about R11i. Probably the best is to contact Oracle consultants.

Octavio