Accommodation of Fiscal Year for Corporate Books and Tax Books

(Doc ID 2147944.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Fusion Assets - Version 11.1.10.0.0 and later
Oracle Fusion Assets Cloud Service - Version 11.1.10.0.0 and later
Information in this document applies to any platform.

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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