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Changing Financial Calendar

2 replies [Last post]
Fri, 2007-11-30 06:31
Mark Chapman
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Is it possible to change the financial periods once I have stored the actual data? What are my options?
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Replies

Fri, 2007-11-30 10:27
#1
Mark Chapman
User offline. Last seen 8 years 37 weeks ago. Offline
Joined: 18 May 2006
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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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Fri, 2007-11-30 09:01
#2
Niek Zonneveld
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Joined: 17 Mar 2005
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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.
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