Which three statements about Effective Periods are true?

Effective Periods divide time into contiguous, non-overlapping buckets used solely to determine which standalone selling price (SSP) profile applies to a source document date. Implementation requires defining periods without gaps or overlaps for every ledger; journal-entry creation relies on the General Ledger calendar, not on Effective Periods.

A. GL calendar is not substituted; at least one Effective Period per ledger is mandatory.

B. Journal entries use GL accounting periods, not Effective Periods.

1. Oracle Financials Cloud: Using Revenue Management 24A

“Define Effective Periods”

pp. 48-50 – requires contiguous

non-overlapping periods.

2. Same guide

“Overview of Standalone Selling Prices”

p. 70 – Effective Periods restrict SSP applicability only.

3. Oracle Fusion Applications Help (2024 update) > Revenue Management > Effective Periods FAQ – confirms gaps/overlaps not allowed and usage limited to SSP.