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Changing Financial Calendar

Mark ChapmanMember for 20 years 5 months
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Is it possible to change the financial periods once I have stored the actual data? What are my options?

2 replies

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  1. 0
    Niek Zonneveld ·
    You’ll need to rebuild the entire structure all the way back, I’m afraid.

    I don’t find the financial period mechanism particularly strong to be honest, because it takes static snapshots of the periods you define. If the periods change or a baseline changes with LOE activities, you’ll end up with very strange numbers - like negative EV period performance. This is also due to the fact that period performance is calculated as the difference between two periodical cumulative values.

    H.T.H.

    Niek.
  2. 0
    Mark Chapman ·
    Thanks Niek - there are several ways of doing this. In my case its too much effort. I think I will have to live with November being 1 week to long and December 1 week to short.

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