Thanks Niek - there are several ways of doing this. In my case its too much effort. I think I will have to live with November being 1 week to long and December 1 week to short.
Member for
20 years 7 months
Member for20 years8 months
Submitted by Niek Zonneveld on Fri, 2007-11-30 10:01
Youll need to rebuild the entire structure all the way back, I’m afraid.
I don’t find the financial period mechanism particularly strong to be honest, because it takes static snapshots of the periods you define. If the periods change or a baseline changes with LOE activities, you’ll end up with very strange numbers - like negative EV period performance. This is also due to the fact that period performance is calculated as the difference between two periodical cumulative values.
Member for
19 years 5 monthsRE: Changing Financial Calendar
Thanks Niek - there are several ways of doing this. In my case its too much effort. I think I will have to live with November being 1 week to long and December 1 week to short.
Member for
20 years 7 monthsRE: Changing Financial Calendar
Youll need to rebuild the entire structure all the way back, I’m afraid.
I don’t find the financial period mechanism particularly strong to be honest, because it takes static snapshots of the periods you define. If the periods change or a baseline changes with LOE activities, you’ll end up with very strange numbers - like negative EV period performance. This is also due to the fact that period performance is calculated as the difference between two periodical cumulative values.
H.T.H.
Niek.