1. General Accounting Implementation Guide
  2. Understanding the Annual Close for 52 Period Program

Understanding the Annual Close for 52 Period Program

After you run the Annual Close program (R098201) at the end of a fiscal year, run the Annual Close for 52 Period program (R09820B). The Annual Close for 52 Period program updates the F0902B table with balances from the F0902 table. Specifically, the program updates these amounts:

  • Prior year-end net

  • Prior year-end cumulative

  • Beginning budget

  • Projected over/under

  • Percent complete

  • Projected final

  • Budget requested

  • Budget approved

  • Week-to-date