Fiscal Year-End Carry Forward for U.S. Federal Purchase Orders

Carry forward U.S. Federal purchase orders to the next fiscal year following U.S. Standard General Ledger, or USSGL, guidance concerning standard accounting practices. When you run the Carry Forward Purchase Order Budgetary Control Balances process, update the Budget Date on purchase orders to the next fiscal year with no accounting or budget impact.

The business benefit of this feature is that it streamlines year-end processing and ensures compliance with federal accounting requirements by updating purchase orders for the new fiscal year without affecting financial or budgetary balances.

Steps to Enable and Configure

The following needs to be enabled:

• U.S. Federal Financials must be enabled.
• The Default Date Rule in Manage Budgetary Control must be set to System.

Key Resources

For more information, refer to the Implementing U.S. Federal Financials and Using U.S. Federal Financials guides.

Access Requirements

To use this feature, you need the following privileges: 

• Privilege Name and Code:
  • Manage Federal Financials Setup (ORA_FV_MANAGE_FEDERAL_FINANCIALS_SETUP)

• Duty Role Name and Code:
  • Federal Administration Duty (ORA_FV_FEDERAL_ADMINISTRATION_DUTY)
  • Procurement Requestor (ORA_POR_PROCUREMENT_REQUESTER_ABSTRACT)