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This page allows you to define a calendar that would be used exclusively for Management Accounting (MAC) purposes. Tell me more.
Select the “Create MAC Calendar” link under the “Cost Setup” business component.
The “Create MAC Calendar” page appears.
The system displays the following:
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Status |
The status of the MAC Calendar. It must be “Fresh”. The system updates the status of the calendar when the “Create Calendar” pushbutton is clicked. |
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Enter the following fields in the “Year Details” group box:
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Year Code |
A unique code identifying the MAC year (Alphanumeric, 10). Mandatory. |
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Help facility available |
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Description |
A textual description of the MAC year (Alphanumeric, 40). Mandatory. |
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Start Date |
The date on which the MAC year begins (Date Format). Mandatory. The date entered in this field must be one day after previous MAC year if MAC years already exist in this system. |
Note: If “Post Allocation Entries to FB” has been set as “Yes” at the company level, the date entered in this field must match the start date of the corresponding financial year.
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End Date |
The date on which the MAC year ends (Date Format). Mandatory. |
Note: The date entered in this field must be after the date entered in the “Start Date” field.
Enter the following fields in the “Period Frequency” group box:
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Frequency |
Use the drop-down list box to select the frequency in which the MAC periods must be created. You can select from “Fortnightly", "Monthly", "Quarterly", "Half-Yearly", "Yearly" or “Customize”. The system displays “Monthly” by default on launch of the page. |
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Number of Days |
The number of days a MAC period must constitute (Integer). The number of days must be entered in this field only if “Customize” is selected in the “Frequency” field. |
Click the “Compute Period” pushbutton to calculate and generate the start and end dates of the MAC periods based on the frequency selected.
The system generates a unique code identifying the MAC period. The system also generates the start and end dates of the MAC period based on the frequency selected.
Note: If “Customize” is selected in the “Frequency” field, the start and end dates of the MAC periods can be entered manually.
If “Post Allocation Entries to FB” has been set as “Yes” at the company level, the system defaults the start and end dates of the corresponding financial period as the start and end dates of the MAC period.
The system displays the following in the “Period Details” multiline:
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Period Code |
A unique code identifying the MAC period. This period code would also include the MAC year code for which this period is being created. |
Enter the following field in the “Period Details” multiline:
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Description |
A textual description of the MAC period (Alphanumeric, 40). |
The system displays the following in the “Period Details” multiline:
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Start Date |
The date on which the MAC period begins. |
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End Date |
The date on which the MAC period ends. |
Click the “Create Calendar” pushbutton to create the MAC Calendar.
The system saves the details of the newly created MAC year / period. The status of the newly created MAC year and period is updated as “Fresh”. The system also updates the login ID of the user and the system date in the “Created By” and the “Created Date” fields.
The system displays the following:
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Created By |
The login ID of the user who created the MAC calendar. |
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Created Date |
The date on which the MAC calendar was created. |
