Fiscal Calendar Changes
As part of merger of our merger with another company we are planning to change the fiscal calendar. The current calendar is from Oct to Sep. The new calendar will be from Apr-Mar. Hence we are planning to shorten the current year by reducing the periods from Oct to Mar and make the remaining 7 periods as adjustment periods. This would be a backend update. We would like to know the probable risks associated with this change. Please let us know if anyone has worked on a similar requirement before.