Creating Fiscal Years
Specify the start and end dates of each fiscal year for a fiscal year name. Define fiscal years from the oldest date placed in service through the current fiscal year. At the end of each fiscal year, the depreciation program automatically generates the dates for the following fiscal year and calendars.
You can set up multiple fiscal years in this window. You can assign different fiscal years to your different corporate books. The calendar for a tax book must use the same fiscal year name as the calendar for the associated tax book.
Prerequisite
To create a fiscal year:
1. Open the Fiscal Years window.
2. Enter a Fiscal Year Name and Description. You can set up multiple fiscal years with different names.
Suggestion: The name you enter appears in List of Values windows which allow no more than 15 spaces. You may want to limit your name to 15 characters.
3. Enter the start and end date of each fiscal year.
4. Enter the Fiscal Year you are defining.
See Also
Oracle Assets System Setup