ADM-201 · Question #161
Which two statements apply when custom fiscal year is enabled? Choose 2 answers
The correct answer is A. The custom fiscal year must be defined manually. B. The custom fiscal year setting CANNOT be disabled. When custom fiscal years are enabled in Salesforce, an administrator must manually define the fiscal periods, and this setting cannot be subsequently disabled or reverted to standard fiscal years.
Question
Which two statements apply when custom fiscal year is enabled? Choose 2 answers
Options
- AThe custom fiscal year must be defined manually.
- BThe custom fiscal year setting CANNOT be disabled.
- CThe defined custom fiscal year only affects forecasts.
- DThe custom fiscal year automatically updates product schedules.
How the community answered
(21 responses)- A95% (20)
- D5% (1)
Why each option
When custom fiscal years are enabled in Salesforce, an administrator must manually define the fiscal periods, and this setting cannot be subsequently disabled or reverted to standard fiscal years.
Enabling custom fiscal years means losing the standard Gregorian calendar structure, requiring the administrator to manually define all fiscal periods, quarters, and years according to the organization's specific financial calendar. This manual definition ensures alignment with unique business cycles.
Once custom fiscal years are enabled and configured in an organization, this setting is irreversible. It cannot be disabled, and the organization cannot revert to using standard fiscal years, making it a critical administrative decision.
Custom fiscal years impact all Salesforce features that rely on fiscal periods, including reports, forecasts, quotas, and opportunities, not just forecasts. This pervasive change ensures consistency across financial data.
Enabling custom fiscal years does not automatically update product schedules. Product schedules are managed independently based on quantity, revenue, and dates, and are not automatically adjusted by fiscal year changes.
Concept tested: Custom fiscal year implications
Source: https://help.salesforce.com/s/articleView?id=sf.faq_fiscal.htm&type=5
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