A calendar is an important entity in defining the financial setups of an organization in Oracle EBS. Providing a calendar is essential while defining the Ledger as it is one of the 4 C’s required to define a Ledger.
To define a new calendar, launch the form by navigating as follows:
General Ledger Super User >> Setup >> Financials >> Calendars >> Types
The following form is launched.
Calendar Period Types
Calendar Period Types
Enter the following information to create a new calendar.
Period Type: Give a name for the period type.
Periods per year: Enter the number of periods in a given year
Year Type: Select one of ‘Calendar’ or ‘Fiscal’. ‘Calendar’ represents the timeframe from Jan to Dec. ‘Fiscal’ represents the timeframe from April of one year to March of the next year. Say April 2013 to March 2014.
Description: Provide a description for the new period type being created.
After providing these details, the screen would look something like the snapshot below. Save the details.
Calendar Period Types Data Entered
Calendar Period Types Data Entered
Then define the Accounting Calendar information.
Launch the form at the following navigation:
General Ledger Super User >> Setup >> Financials >> Calendars >> Accounting
On launching the form should look like below.
Accounting Calendar
Accounting Calendar
Provide the following information to create the accounting calendar.
Calendar: The name of the accounting calendar
Description: Provide the description details
Periods: Provide the details of the periods in the accounting calendar. Enter the following information
Prefix: Prefix for the period. Example: JAN, FEB etc.
Type: The type of the calendar defined earlier. Example: ‘Custom Period’
Year: Year for which the accounting calendar is being defined
Quarter: The number of the quarter
From and to dates: to specify the duration of the time period
Name: The name of the period. This is automatically listed based on Prefix and Year
Adjusting: Leave this blank until you define the adjusting period.
On entering the values for the accounting calendar, it would look like below.
Accounting Calendar Data Entered
Accounting Calendar Data Entered
After defining the periods till December, an adjustment period needs to be defined to provide for adjustments in financial details during any of the other periods.
Enter the adjustment period details and check the box “Adjusting” to ensure that this is the adjustment period.
Then save the form to create the new Accounting Calendar.
On saving, a decision box pops up as follows:
Accounting Calendar Validation
Click on “Current” which will validate the entries in the accounting calendar by launching a concurrent request called “Other – Calendar Validation Report”. On successful completion of the concurrent request, the accounting calendar is created.
This calendar can be used while defining a Ledger as one of the 4 C’s.
