Year End Closing Procedure

Dear All

We are using PeopleSoft FSCM 9.2 and PeopleTools 8.53, having mainly 3 queries on the subject mentioned:

1- Is there a document available of PeopleSoft which guides as to the procedure for the closing of fiscal/financial year in PeopleSoft.

2- Also, kindly guide is the first year in which a financial transaction is present needs to closed first and than the next one and than the next one or it could be done in any order.

3- Also, kindly guide if something goes wrong e.g. a year is being closed and than we learn that a certain financial transaction needs to be recorded in the closed year. What's the best practice to follow in such circumstances.