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Calendar Period Frequency - what does it do

Summary:

Does the calendar period frequency do anything other than default the period start/end dates?

Is it OK to amend the auto-generated period dates or can this break transaction processing in any way?

Content (required):

Current financial year is using a 4-4-5 period frequency but as this is 364 days, period end dates slip backwards each year.

Accountants would like to amend the next financial year to have 53 weeks and different frequency - still 12 periods, but different numbers of weeks in the 2nd half of the year.

4-4-5, 4-4-5, 5-4-4, 5-4-5. It's easy enough to change the period end dates, but should I?

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