5.1 Setup Fiscal Periods

To add a Fiscal Period, follow these steps:

1. 1. From OFSBCE Home, select Financial Services Balance Computation Engine, select Application Setup, and select Setup Fiscal Periods. The Setup Fiscal Period page is displayed. In the illustration, already created Fiscal Period details are displayed.

   Figure 5-1 Setup Fiscal Period Page

   
   

   

   
   
2. There are four built-in fiscal year quarters. They are Quarter 1, Quarter 2, Quarter 3, and Quarter 4. Select the required Quarter to create a new Fiscal Period.
3. To create a new Fiscal Period, click Add Fiscal Period. A new row is added in the list with a new Fiscal Period Name. To edit the name, double-click the Fiscal Period Name value and modify.
4. To select the starting month for the Fiscal Period, double-click the Start Month value and select the required value from the list. By default, this field displays January.
5. To select the starting day of the selected Fiscal Period Start Month, double-click the Start Day value and select the required value from the list. Similarly, select the values for End Month and End Day for the selected Fiscal Period.
6. Click Save to save these details for the new fiscal period.
7. To delete an existing Fiscal Period, click the Delete icon associated with it.

   Note:

   The fiscal periods set up in the Setup Fiscal Period module are associated with Legal Entity or Organization Structure Dimension members. This attribute is sourced as a part of the Legal Entity or Organization Structure Dimension.