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GL calendar with period frequency "None"& Adjusting Period "Twice year end"-Any Future Implications?

Summary:

Business had a different calendar today which is 454 calendar. Example:

2023 Calendar starts from 29-Jan-2023 & ends on 3rd Feb 2024 (This year contains the 53rd Week)
2024 Calendar starts from 04-Feb-2024 & ends on 1st Feb 2025

Since we cannot define such calendar using the standard period frequency, we had created a custom calendar by selecting the period frequency "None" from LOV and Adjusting Period Frequency "Twice at year end" and were able to replicate their current state Calendar.

Now, we wanted to understand does this custom calendar show any implications on any of the functionalities and Reports in future state? If yes, what can be those?

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