What are two considerations for managing multiple fiscal calendars? (Choose 2)

NetSuite’s Multiple Fiscal Calendars feature lets you associate one fiscal calendar with several subsidiaries in the same accounting book. Each calendar keeps its own independent table of accounting periods; therefore, periods must be generated separately for every fiscal calendar and are never shared between calendars.

C. Periods are calendar-specific; NetSuite explicitly states they “are not shared across fiscal calendars.”

D. A subsidiary can use more than one fiscal calendar only when Multi-Book Accounting is enabled; without Multi-Book, it is limited to a single calendar.

1. Oracle NetSuite Help Center

“Multiple Fiscal Calendars – Overview” (2023.1)

para 2-3: “A fiscal calendar can be associated with multiple subsidiaries… Each fiscal calendar maintains its own set of accounting periods.”

2. Oracle NetSuite Help Center

“Accounting Periods with Multiple Fiscal Calendars” (2023.1)

para 1: “Accounting periods are unique to the fiscal calendar and are not shared.”

3. Oracle NetSuite Help Center

“Assigning Fiscal Calendars to Subsidiaries” (2023.1)

Note section: “Multiple Calendars requires the Multi-Book Accounting feature; without this feature each subsidiary can have only one fiscal calendar.”