Calendar Settings

Fiscal Year

Setup the Fiscal Year you're Consolidating as "Current".

Setup the Previous Fiscal Year of the Current FY as "Previous"

Setup All the other Years as "Others"

This setup is mandatory for a good execution of the re-Opening Procedure (see below)

Fiscal Period

Accordingly with your fiscal year you have to indicate which are the "First" and "Last" Period (month) of the fiscal year. Indicate as "Others" all the other periods.

Such classification is pretty tech and influence the batch processes only.

re-Opening of the Fiscal Year

This Procedure must be executed once when a new Fiscal Year is going to be Consolidated.

The procedure copies the Balance Sheet Closing Movement of the LAST Period of the Previous FY into the Opening Movement of ALL the Periods of the Current FY of the selected Scenario in the Pager.

The Procedure also calculates the Retaining Earnings.

It is possible to re-execute the Procedure Several Times ; this doesn't affect the Consolidation Process that must be anyway re-executed, if re-Opening balances have been altered.

> the Calculation happens across all the Consolidation Nodes (99 Included) and all the Layers

> the Calculation happens on Movement Accounts only, that is, Stock Measures (P&L Accounts are not re-Opened)

> RUs at EXIT Method (PFY) are not 're-opened'.

This Procedure must be executed once when a new Fiscal Year is going to be Consolidated.

The procedure automatically zeroes those adjustments that have been flagged as "Close in the Next Fiscal Year" as YES.

This is done posting an opposite sign Movement (ADE) in the Credit/Debit Adjustment Values.

It is possible to re-execute the Procedure Several Times. Attention the Adjustment that has been closed must be anyway posted on the Current Fiscal Year.

> the Calculation happens across all the Consolidation Nodes (99 Included) and all the Layers

A full description of both procedure can be found in the Chapter 6 - Consolidation Procedure