Leading U.S. Internet Service Provider Changes Newly Acquired Company’s Oracle® E-Business Suite Calendar For Accurate Financial Reporting Capability
Upon their acquisition of another company in late 2010, the customer needed to change the newly acquired company’s calendar periods to make them in-line with their own for financial reporting purposes. Because the date of the actual acquiring transaction was not initially known, the parent company was on a very tight schedule and required a flexible solution that was capable of making transaction-level changes to the acquired company’s EBS system quickly and on-demand.
- They needed to change their November 2010 period to extend until December 7 and create a short period for December. Their financial transactions from 12/8 through 12/31 were to be reported separately for consolidation into the parent company’s 2010 financials.