Oracle Apps Question:
What is the difference between workday calendar and accounting calendar?
Answer:
Workday calendar is simply use for transactional purposes.
For example in treasury in counting of money placements with
the define workday calendar you define working days is 5
days only excluding week ends, and this is the same AP
wherein you defined in aging of payables it will count due
date after you have set terms date, and so fourth in for AR.
While, the accounting calendar this is the financial period.
In defining it we will just simply refer to calendar 12
month and or 13 month including the adjustment period. This
is where the start and end of every financial periods and
cut off of reporting period in the financial statements.
For example in treasury in counting of money placements with
the define workday calendar you define working days is 5
days only excluding week ends, and this is the same AP
wherein you defined in aging of payables it will count due
date after you have set terms date, and so fourth in for AR.
While, the accounting calendar this is the financial period.
In defining it we will just simply refer to calendar 12
month and or 13 month including the adjustment period. This
is where the start and end of every financial periods and
cut off of reporting period in the financial statements.
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