Companies using Oracle® E-Business Suite might face a situation where the business may require the accounting calendar setup to be changed as a result of being acquired, or complying with a statutory requirement. For example, companies operating in India received a mandate that their calendar must change from an April to March fiscal year to January to December. This change may take place as early as 2018. Companies who have been acquired may find that they need to match their new parent company’s calendar for their financial reporting. In another scenario, a company that is going from public to private would need to have a short calendar year so that their financials reflect the change in ownership mid-year.
Learning Objectives: After completion of this program you will be able to:
- Objective 1: Recognize and assess different business needs that may affect your Oracle EBS Accounting Calendar setup.
- Objective 2: Understand the types of structural changes required for the Accounting Calendar already in use in Oracle EBS.
- Objective 3: Explore the impact of an accounting calendar change in different EBS modules.