Job Management Manager DCL Commands › SCHEDULE> › SET FISCAL_YEAR › Description

Description

A fiscal year (FY) is a company’s financial year, used to schedule accounting events. If a fiscal year straddles two calendar years, it is named for the last calendar year it covers. For example, a fiscal year that starts in 1996 and ends in 1997 is called FY1997.

Use the SHOW FISCAL_YEAR command to display the currently defined fiscal year.

The manager supports a 52- or 53-week fiscal year as described in the Fiscal Tax Year section of the Internal Revenue Service Publication 538 (Rev. Nov. 88). Fiscal years have the following restrictions

• 4 quarters a year
• 3 months a quarter
• 7 days a week
• 364 days a year
• 52 weeks a year
• 13 weeks a quarter
• Two 4-week months and one 5-week month in each quarter. (The 5-week month must be the same month in each quarter.)

In addition, the following restrictions apply to a 53-week fiscal year

• 371 days a year
• 53 weeks a year
• Three 13-week quarters and one 14-week quarter
• Two 4-week months and one 5-week month in each quarter, with the exception of one 5-week or 6-week month (the month containing the extra week)

Fiscal logicals are no longer used as the default. If one of the fiscal logicals is defined, it overrides whatever is in the database, but only for that node. Since all scheduling is done on the default executor, the newly defined fiscal logicals would only take effect if the node they are on is also the default executer node. Otherwise, they take effect when and if the node becomes the default executor.