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Derived Factor: First of Year vs First of Calendar Year

Program Level Setup is for Fiscal Year which starts from 1st March.

Derived Factor:

  1. Age Setup: First of Year
  2. Compensation Setup: First of Year

We have observed, when a system is set at Fiscal Year, so 'First of Year' in config becomes First of fiscal year.
If we want compensation and age to be picked form 1st of January, do I set up the configuration to First of Calendar Year, for it to pick Salary and Age as of 1st of Jan and not 1st of Fiscal Year.

Is that the standard way of the system to be working?

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