Manage Finance Lock/Close Period Enforcement Settings

Contents

To configure the finance lock settings:

1. Click the Application Settings tab.
2. Select Manage Finance Lock/Close Period Enforcement Settings link.
3. Select an initiative and click the [Edit] link next to it.
4. Select Strict or Limited.
5. Click the Update button to save you changes.

   Important!

   Oracle recommends not changing the enforcement mode on a live production system. When the mode is changed, it takes effect only for new projects created from that point of time. Old projects continue in the previous enforcement mode and cannot be changed.

   Notes:

   • In the Limited mode, the finance lock/close period enforcement is guaranteed only when roadmap activities are used with Actual Effort Type (AET) set to Effort from Finances. Finance lock enforcement is not guaranteed when used with any other AET.
     
   • If finance lock is set to Strict, you cannot change the currency exchange rate or labor rates for locked/closed financial periods. For roadmap activities, the Actual Effort Type (AET) is restricted to Effort at Resource Level (Detail), Effort from Timesheet, and Effort from Finances.

The following table lists the supported options for both the Strict and Limited modes.