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Even though the company does not use this resource of multiple calendars, in order to ensure correct use of Management Accounting environment, at least one calendar must be bound to a currency. This binding makes possible the existence of a history with all calendars and currencies used in the system.
The beginning of the operations of Management Accounting environment must include the binding of Accounting Calendars and Currencies, because no accounting operation can be carried out without this information. There can be more than one currency bound to a single calendar. However, conflicts among calendars and currencies must be avoided, i.e., not to use more than one calendar with similar fiscal year for the same currency. |
Example:
Correct:
Calendar | Fiscal Year | Currency |
001 | 2002 | 01 |
001 | 2002 | 02 |
Incorrect:
Calendar | Fiscal Year | Currency |
001 | 2002 | 01 |
002 | 2002 | 01 |
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In this case, as there is a cross-reference between calendars and currencies, the system does not allow inclusion of this binding (Calendar vs. Currency).
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