cpalumbo
Member
We have a company, currently on a 4-4-5 date pattern being acquired on 9/20/12. (They are currently operating in FY=12 b/c their period 1 ended in Jan 2012.) The new requirement is to report on a calendar month-end for the remainder of the year through 12/31/12. (1 short week in Sept and then Oct/Nov/Dec)
What are our options since 2012 is broken up into 2 different ownerships but the same starting fiscal "year"? I believe we need to do a y/e close effective 9/20/12, so the thought is the current company fiscal date pattern must end and periods 9, 10, 11 and 12 all be set to end on 9/20/12? Is it possible to just set up a new date pattern for a "short" 2012 and put the company into that starting with transactions on 9/21/12? That couldn't be FY 12 though, right? Or do we need to make a new company up and give it a short fiscal year of 2012 with periods 9 (abbreviated), 10, 11 and 12 to store transactions...and have starting balances pull from 9/20/12.
Note: Restating prior years/periods to the new calendar schedule is not required.
I have not managed to find any JDE doc that talks about this type of scenario. Any guidance is appreciated! We are on E9.
What are our options since 2012 is broken up into 2 different ownerships but the same starting fiscal "year"? I believe we need to do a y/e close effective 9/20/12, so the thought is the current company fiscal date pattern must end and periods 9, 10, 11 and 12 all be set to end on 9/20/12? Is it possible to just set up a new date pattern for a "short" 2012 and put the company into that starting with transactions on 9/21/12? That couldn't be FY 12 though, right? Or do we need to make a new company up and give it a short fiscal year of 2012 with periods 9 (abbreviated), 10, 11 and 12 to store transactions...and have starting balances pull from 9/20/12.
Note: Restating prior years/periods to the new calendar schedule is not required.
I have not managed to find any JDE doc that talks about this type of scenario. Any guidance is appreciated! We are on E9.
