Clicking on this link will display the Create Application Calendar Wizard.
The first page of the wizard asks for the Label for the calendar and an optional
description. The value Fiscal Calendar is entered in both of the text boxes for the
purpose of the examples in this chapter. Clicking Next will open the Define the
Calendar Pattern page.
Though the Gregorian calendar is widely used to schedule events, for many
businesses, the Gregorian calendar presents an accounting difficulty, because it
contains a varied number of business days from year to year. In Planning Business
Modeler, the application calendar is used to set up a concept of time periods that
matches the practices that are used in a corporation. From an accounting standpoint,
the concept of time and how it is tracked is fundamental to measuring and comparing
financial progress over time. An accurate application calendar provides the past,
C h a p t e r 7 : P l a n n i n g M o d u l e i n P e r f o r m a n c e P o i n t S e r v e r 237
present, and forecasted data with the context that is required for successful financial
tracking and benchmarking.
Within the Define the Calendar Pattern page the developer can create a calendar
that matches the specific patterns of the corporations financial system. For example,
a calendar that starts on July 1 and ends on June 30 or a more traditional calendar
that starts on January 1 and ends on December 31 can be easily created from this
page. The developer can also create complex calendar patterns from this page to
model the application calendar to accurately reflect the business calendar.
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