This chapter contains the following topics:
This section provides an overview of fiscal date patterns and discusses how to define fiscal data patterns for 52 period accounting.
You set up your system for 52 period accounting using fiscal date patterns with weekly period-ending dates. You can use periods 53 and 54 for audit adjustments.
If you have multiple companies that use the same fiscal date pattern, set up the fiscal date pattern one time for all of the companies.
The system stores 52 period dates in the F0008B table.
Add a date pattern for the current, prior, and future year. When you set up the date pattern for the future year, the system accepts transactions for dates within that pattern and warns you if they are PACO (Post After Cutoff) or WACO (Way After Cutoff).
Each period must have at least one day on which to post. You cannot set up periods with the same ending dates or overlapping dates.
Dates must be in the proper format. For example, 09/01/07 is the proper format for September 1, 2007. Each date must correspond to a standard date pattern with the same pattern name.
You must set a fiscal date pattern with:
Dates for each period.
If you receive an error message when you enter a date, verify the date pattern. The system considers any date that is not set up to be invalid during data entry.
Periods in sequential order and with the same beginning and ending dates as the standard fiscal year pattern.
If you do not do this, the system uses the standard fiscal year pattern to determine the correct fiscal year.
Fiscal years in sequential order.
Gaps in the date pattern for period and fiscal years prevent the system from posting properly.
|Form Name||Form ID||Navigation||Usage|
|Work With 52 Periods||W0008BG||52 Period Accounting (G09313), Set 52 Period Dates||Review a list of 52 period fiscal date patterns.|
|Set Up 52 Periods||W0008BF||On Work With 52 Periods, click Add.
Select Print 52 Periods from the Reports menu.
|Set up a fiscal date pattern.
Print a report of the fiscal date patterns that you have set up
Access the Set Up 52 Periods form.
Enter a code to identify the date pattern. You can use one of 15 codes. You must set up a special code (letters A through N) for 52 period accounting or any other date pattern unique to your environment. The default code R, identifies a regular calendar pattern.
Enter the first day of the fiscal year.
Enter the period end date for 52-period accounting.
This section provides an overview of financial reporting dates for a company with 52 period accounting and discusses how to assign 52 period reporting dates to a company.
The system does not supply the current period as the default for a company. Therefore, you must set up the current 52 period accounting period and year for each company. This information is used by your financial reports. If the period is incorrect on your financial reports, verify the reporting period and year, and correct them.
|Form Name||Form ID||Navigation||Usage|
|Work With Companies||W0010C||Organization & Account Setup (G09411), Company Names & Numbers||Review a list of companies.|
|Company Setup||W0010B||Select a company on the Work With Companies form.||Assign 52 period reporting dates to a company.|
Access the Company Setup form.
Select the 52 Period Accounting tab.
Enter the actual number of accounting periods, not including adjustment periods.
Enter a period number to specify a 52-period financial reporting date. This reporting period is used by several EnterpriseOne financial reports.
The period number is not the same as the current period that you specify as the accounting period for a company.
Enter the year in which financial statements are to be prepared.
Note:A fiscal year spanning 2006–2007 would be expressed as 06.
This section provides an overview of the Repost for 52 Period program (R0902B), lists a prerequisite, and discusses how to:
Run the Repost for 52 Period program.
Set data selection for the Repost for 52 Period program.
You can change amounts in the account balances for periods 12–14 to account balances for 52 period accounting. To do this, first post the transactions to the F0902 table and then run the Repost for 52 Period program (R0902B).
The Repost for 52 Period program reposts the F0911 table to the F0902B table. This program uses the F0008B table with 54 period ending dates to determine the period number. After you run this program, you can design a report to verify the balances using Report Design Aid (RDA).
If the general ledger date or fiscal date do not exist in the F0008B table, the system does not update the F0902 table with transactions from the F0911 table.
The system reposts only posted, non-summarized records.
Post transactions to the F0902 table, Set the processing option in the General Ledger Post program (R09801) to submit the post for 52 periods. The system updates the F0902 and F0902B tables.
Select 52 Period Accounting (G09313), Repost for 52 Period.
Do not enter a fiscal period in the data selection. Instead, enter the fiscal year.