Is it possible to change the accounting period during the
financial year? For eg change it from 12 to 13 months ?
Answer Posted / adam
I am a current ACCA student and doing lots of reading and
practises. Base ont what I know it possible to change priod
of accounts. They could be set for any time long according
to businesses preference provided that there is strong
ground for change and responsible authorities are informed,
e.g FSA- Financial Stadard Authority in the UK. When it
comes to Accounts periods, it is first crucial to elaborate
that it can not be set for more than 12 months period. It
is possible to have accounting period less than 12 months
but not more. For this reason I would say it is not
possible to change 12 months accounting period to 13
months. Accounting period is a period where profits get
ready to be charged for taxes.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
explain your project plan with exam pal? i am preparing inter view .............
What do you mean by Category Set ? and what is its Relevance ?
what r issues faced in gl
We are running Oracle EBS 11i and yesterday whilst doing my month-end I forgot to select "calculate finance charge" on form ARXSUPST AR Print Statement run. I am struggling to get to My Oracle and was hoping someone out there might have experienced or heard of a similar problem. What are my options to rectify this situation... I look forward to you inputs..... Thank you Regards Salie
What is the meaning holding tax?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
difference between tds and income tax (India)
What is the use of operating unit, while configure multiorg?
What is Work Flow of AP,AR, Sales & Purchase
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
Provide an overview of AR cash receipt processing.