Core TSIs : Lease Accounting : Lease accounting - Field descriptions : Financial calendar settings fields
Financial calendar settings fields
Note that you cannot change any of the following settings if accounting commitments based on weekly lease accounting are present.
Field
Description
End of year selection method
Select how Planon should determine the end of year:
Last
The fiscal year ends on the final Friday/Saturday/Sunday in the fiscal year end month (applied period factor in present value calculation = 52.1775).
Nearest
The fiscal year ends on the Friday/Saturday/Sunday that is closest to the last day of the fiscal year end month (applied period factor in present value calculation = 52.1775).
Strict 52
The fiscal year comprises a full year (52 weeks exactly). This could, for example, be: 1 January - 31 December. As a result, the first or last week of the year can be less than or greater than 7 days (applied period factor in present value calculation = 52).
Week calendar
Select the weekly calendar type to be used. You can choose between a variation of week clusters that together make up a quarter (13 weeks = a quarter):
4-4-5
4-5-4
5-4-4
End day of week
Select the day that marks the end of the week. This value will be used when determining the fiscal year end month based on the End of year selection method.