Issue Converting Accounting Calendar from Fiscal Year to Calendar Year in Oracle Fusion

Summary:

Hello Team,

We are in the process of modifying our existing accounting calendar setup in Oracle Fusion Financials. Currently, the ledger is using a fiscal year calendar (for example, 01-Apr-2024 to 31-Mar-2025, which the system represents as year “2025”).

Our requirement is to shift from a fiscal year setup to a standard calendar year setup (i.e., 01-Jan to 31-Dec). However, while attempting to add a new year in the accounting calendar, the system continues to derive the year based on the existing fiscal year logic.

For instance:

• The current fiscal year period is defined as 01-Apr-2024 to 31-Mar-2025, and the system recognizes this as year 2025.