Chaning Financial Year
Posted: Tue Jul 27, 2010 3:58 am
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 [:)]
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 [:)]