Accommodation of Fiscal Year for Corporate Books and Tax Books (Doc ID 2147944.1)

Last updated on APRIL 30, 2020

Applies to:

Goal

In the documentation as per definition of fiscal year for tax books, it outlines "The fiscal year should be the same for a corporate book and all its associated tax books.
In other words, the calendar for a tax book must use the same fiscal year name as the calendar for its associated corporate book."

So how can the following scenario be satisfied?

Two types of reporting:
1) Management Reporting (4-4-5 weeks calendar(1-Jun to 29-Jun and so on))
2) Statutory reporting (1-Jul to 30 Jun and so on)
 

Solution

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