which approach is preferred to create budgets ?

Summary:

Hello

What is the best practice for configuring Budget definitions when utilizing Encumbrance Accounting and Oracle EPM integration? Given that we operate on an annual budget period cycle (not monthly), should we define a new Budget on an annual basis, or create a single multi-year Budget and open the periods annually? Please detail the operational, reporting, and integration impacts of both approaches under these specific constraints

Regards

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

Code Snippet (add any code snippets that support your topic, if applicable):