Create MAC Calendar – A summary of the activity

A MAC calendar is usually defined in the business unit level of the organization structure. It is a normal business practice to analyze the results shown by a business organization during a span of time. The time period can be defined in the “MAC Calendar”. A MAC calendar, like the financial calendar is divided into accounting years and periods. The division of the year into periods helps in monitoring the performance and expense control of the organization to support product mix or pricing decisions.

A MAC calendar can be different from that of the financial calendar defined in the “Accounting Setup” business component. A MAC year can differ from the (12 months) calendar year. A MAC period is a subset of a MAC year. A MAC year can be divided into many MAC periods. A start date and end date is defined for every MAC period. All the defined MAC periods must fall within the start date and the end date of the defined MAC year.

This activity allows you to define a MAC calendar. You can enter a unique description identifying the calendar. You can also define an effective date range during which the MAC calendar is effective. This activity also allows you to define MAC periods. You can set the frequency of the MAC periods. You can also set a date range during which the MAC periods are effective. The duration of the MAC periods must fall within the effective period of a MAC year. If allocation entries are to be posted to the finance books the MAC year must match the corresponding financial year. The system stores the login ID of the user and the system date along with the newly created MAC calendar.