Step 19 - Define Your Fiscal Years (Required)

Use the Fiscal Years window to define the beginning and end of each fiscal year since the start of your company.

Your fiscal year groups your accounting periods. You must define the start and end date of each fiscal year since the oldest date placed in service. If you are using a 4-4-5 calendar, your start and end dates change every year. When you run the depreciation program for the last period in your fiscal year, Oracle Assets automatically generates the dates for your next fiscal year. See: Creating Fiscal Years.