Select Administration, then Manage, then Dimensions.
Select Years or Period.
Click Options.
On Set Current Period and Year, from Current Year, select the current year.
Current Month and Current Year set defaults for the Month and Year when scenarios are created. For example, if Current Year is set to FY08 and Current Month is set to Aug, when users create scenarios, these values display as defaults in the Start Yr, Start Period, End Yr, End Period fields.
For Current Time Period, select the current period.