Changing Financial Calendar

M
Mark Chapman 👤 Member for 20 years 1 month

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.

N
Niek Zonneveld 👤 Member for 21 years 3 months

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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