Time Dimension

Time is a fixed Dimension and is based on the Time Dimension Type associated with the application. The Time Dimension type determines whether data is stored at a monthly or weekly level and how many months are in a year, months are in a quarter, and weeks are in a month. The Time hierarchy is driven by this and will display in the Point of View accordingly.

See Time Dimensions in System Tools for more details on Time Dimension Types.

Monthly Time Dimension Hierarchy

Weekly Time Dimension Hierarchy

The Time hierarchy can be used by fiscal year and is not tied to a calendar year by using the fiscal year and Month1 (M1), Month2 (M2), etc. to designate the time frame. 

NOTE: There are many issues with rolling retained earnings and beginning balances for corporations that do calendar reporting and fiscal year reporting in the same application. For example, if a large corporation had two companies using different reporting years, the books would have to be separate because each company is based on a different method. In these instances, two applications would need to be used for each reporting year.