Historical Encumbrance Balance Migration for EPM Integration

Summary:

Hello,

We recently implemented an integration with EPM. Previously, Budgetary Control was enabled in Oracle Fusion, but Encumbrance Accounting was not activated.

Since EPM reads data from the General Ledger balance cube, we now need to reflect the outstanding commitments and obligations in EPM reports and dashboards.

We are looking for the best approach to achieve this for the historical transactions that existed before Encumbrance Accounting was enabled.

Specifically, we would like guidance on the following:

Is it a best practice to define a cutoff date and create a one-time opening balance for the outstanding commitments and obligations as of that date?