In Sept 2006, we had to change out Financial Calendar as we had been acquired by another company.
Our financial year used to be from Oct to Sept. Then we changed to Jan to Dec.
We have configured a 3 month shortened periods to cover Oct, Nov, Dec in 2006.
Then in 200, we started from Jan to Dec.
At the time I believe we were told from now on, our fiscal period on SAP would be +1 year ahead for reporting
For example, on the header of our balance sheet, the reporting period for this month is 08.2008
Will it be like this forever? i.e. this reporting period will always be + 1 year?