You are about to set up an accounting calendar for a new set of books at ABC.com.
ABC.com’s fiscal year end is March 31. The company is not sure if it wants to convert one
year or two years of history in the GL. The controller wants to choose conversion of one-year
history for an April 1, 2007 go-live date, but also wants to keep the option open for
conversion of two-year history (to be decided before the go- live date). ABC.com will use the
GL Translation functionality, beginning from the first period, with historical GL balances.
Which solution would meet ABC.com’s requirement?
A.
Define the calendar for Apr-05 through Mar-08. Open Apr-05 through Apr-06 periods.
Plan to convert historical data from Apr-06 through
Mar-07. If they choose a two-year history, they can always open Apr-05 later.
B.
Define the calendar for Mar-05 through Mar-08. Open Apr-06 as the first period to convert
historical data. If they choose a two-year history, they can always open Apr-05 later.
C.
Define the calendar for Mar-05 through Mar-08. Open Mar-05 through Apr-06 periods.
Plan to convert historical data from Apr-06 through Mar-07. If they choose a two-year history,
they can always close all periods except Apr-06 later.
D.
Define the calendar for Apr-05 through Mar-08. Open Apr-06 as the first period to convert
historical data. If they choose a two-year history, they can always open Apr-05 later.
E.
Define the calendar for Mar-05 through Mar-08. Open Mar-06 though Apr-06 periods.
Plan to convert historical data from Apr-06. If they choose a two-year history, they can
always open Apr- 05 later.