Is it compulsory to have FA period same as that of GL

Hi,

I have a doubt regarding FA periods and GL periods.

Suppose GL period is like 01-12,02-12 whereas, assets period are defined like 01-2012, 02-2012.

Will it impact accounting of entries in gl?

Checked User Guide, below is extract:

If your periods include the year, such as JAN-1995, and you are using the hyphen (-) as the suffix delimiter, you must use either a two or four-digit year suffix. Oracle Assets automatically adds a four-digit year to the end of the period name if you do not enter a year. Otherwise, you can enter a two-digit year suffix.

If you use this depreciation calendar in a depreciation book from which you create journal entries for your general ledger, you must make the period names identical to the periods you have set up in your general ledger.