Hi, does anyone know what will be the impact if we change the fiscal calendar on the subsidiary?

I don't know much about accounting impacts but I found this SA which I think might point you in the right direction.

Thanks. Yes I also saw that SA but it doesn't quite tell what will be the accounting impact or is it only the reports that's going to be affected and no historical transaction that will changed.

@jhayczee09 you should not be just “changing” fiscal calendar. first you need to create short year from a certain point (today, say) to the beginning of the new FY, and then have a full new FY

@Karina will not be changing the fiscal calendar itself but rather the assigned calendar on the subsidiary record because the country statutory financial reporting is Mar but on the business side it's Aug thus we need to do this temporarily to match the business financial reporting.

@jhayczee09 - what is required for the statutory reporting? the issue is obviously how you accumulate RE, where your annual NI is.