How to obtain start month of a financial year?

Tsuyoshi_Inoue
Tsuyoshi_Inoue
in Modeling

Hello Experts,

 

I'd like to obtain start month of a fiscal year.

What I have now is current fiscal year in number format. And what I want to do is to compare item(time) and start month of a fiscal year, and get boolean for this, if item(time) is larger than start month of a fiscal year.

 

thanks in advance.

Tsuyoshi_Inoue_0-1593505005285.png

 

Regards,

Inoue

 

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Best Answer

  • anikdas
    anikdas
    Answer ✓

    @Tsuyoshi_Inoue 

    It is easier to do calc on a period/ date formatted line item when it comes to calc with time periods.

     

    Can you tweak the formulas to this:

    Fiscal Year: PERIOD(CURRENTPERIODSTART())

    Not First Month of FY: START() > START(Fiscal Year)

Comments

  • anikdas
    anikdas

    Hi @Tsuyoshi_Inoue 

    If I understood your question correctly, you want a flag against months whether that month is first month of a fiscal year or not. If that's the case, try the solution below:

    1. Create a line item "Fiscal Year" formatted as time period - Year

    2. Use the formula "PERIOD(START())" in the line item

    3. Then use "START() = START(Fiscal Year)" to identify whether it's the first month or not

    Screenshot 2020-06-30 at 2.06.54 PM.png

    Fiscal Year = PERIOD(START())

Fiscal Year Start = START() = START(Fiscal Year)

Not First Month of FY = START() <> START(Fiscal Year)
  • Tsuyoshi_Inoue
    Tsuyoshi_Inoue

    Hello Anik,

     

    Thanks for your kind reply.

     

    In my purpose, there is already "2020" (number format) specified.

    Then month after Apr 20 should have true in boolean, on the other hand, in this case, all month in 2018 and 2019 should become false in boolean.

    Could you please suggest another solution for this?

     

  • Misbah
    Misbah

    @Tsuyoshi_Inoue 

     

    You don't need to convert the time periods in order to compare. You can compare the time periods directly by saying ITEM(TIME) >PERIOD(CURRENTPERIODEND()) assuming you have current period set up on TIME 

  • Tsuyoshi_Inoue
    Tsuyoshi_Inoue

    Hi Anik,

     

    **** CURRENTPERIODSTART is so useful! Thanks so much!

     

    Regards,

    Inoue

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