Depreciation & Prorate calendars are half yearly and prorate convention Calendar is yearly?
Below are my requirements, Client wants to have the Asset calendars and Prorate conventions as given below. My Questions is will this requirement is achievable and will the FA Transactions like Depreciation and retirements works as expected.
1) Fiscal year is defined as -> July-21 to Jun-22
2) Depreciation calendar and Prorate calendars are used same in book controls definition.
They are defined as half yearly i.e. period 1 ->Jan-21 to Jun-21, Period 2 -> July-21 to Dec-21
3)prorate convention calendar is defined as yearly.
i.e. start date is 01-July-21, End Date is 30-Jun-22 and Prorate Date - 30-Jun-22