Although Planning by default uses a fiscal year start date of January 1, you can budget using fiscal years that do not start on January 1 and that start in the previous calendar year. For example, the 2011 fiscal year can start on July 1, 2010.
If it starts on the same calendar year, the fiscal year is July 1, 2011, to June 30, 2012.
If it starts on the previous calendar year, the fiscal year is July 1, 2010, to June 30, 2011.
Although position and employee compensation expenses are driven and calculated by effective calendar dates, quarterly and annual values are based on the fiscal year definition. For example:
Monthly salary expenses in an entity in calendar year 2009 are $75,000 from January to May, and $60,000 from June to December.
If the fiscal year 2010 starts April 1, 2009, and ends March 31, 2010, the annual salary expense for the entity is $750,000.
If the fiscal year 2010 starts January 1, 2010, and ends December 31, 2010, the annual salary expense for the entity is $720,000.
See “Setting Up The Calendar” in the Oracle Hyperion Planning Administrator's Guide.