If a company opts to use Custom Fiscal Years, they cannot use the standard forecasting option.
If a company opts to use Custom Fiscal Years, they cannot use the standard forecasting option.
Using custom fiscal years does not prevent a company from using the standard forecasting option. Custom fiscal years allow organizations to align their financial reporting periods with their business needs without impacting other functionalities like standard forecasting. The standard forecasting feature remains available even if custom fiscal years are used, meaning the forecasting capabilities within Salesforce are adaptable to both standard and custom fiscal year configurations.
B. False. Using custom fiscal years does not prevent a company from using the standard forecasting option. Custom fiscal years allow organizations to align their financial reporting periods with their business needs without impacting other functionalities like standard forecasting.
After enabling custom fiscal years, when you define the first custom fiscal year, all existing forecasts, forecast history, and forecast adjustments from the first period of that year forward will be deleted.
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False. A company can use the standard forecasting option even if they opt to use Custom Fiscal Years. Fiscal years are the accounting period used by a company to record and report financial information. Standard fiscal years follow the calendar year (January 1 to December 31), but companies can also use Custom Fiscal Years that start and end on any date. Forecasting is the process of making predictions about future events or trends based on data and analysis. Standard forecasting is a feature of some software applications that allows users to generate predictions about future events or trends based on historical data. Standard forecasting typically uses a standard time period, such as a calendar year or a fiscal year, as the basis for the predictions.
B (False) 1- https://help.salesforce.com/s/articleView?id=sf.admin_about_cfy.htm&type=5 => Enabling or defining custom fiscal years impacts your forecasts, reports, and quotas. *** When you define the first custom fiscal year, all existing forecasts, forecast history, and forecast adjustments from the year’s first period forward are deleted. Forecasts for periods before the first custom fiscal year are not deleted and can be accessed as usual. *** When you define a new custom fiscal year, any existing forecasts, forecast history, forecast adjustments, and quotas for the corresponding standard fiscal year are lost 2- https://trailhead.salesforce.com/fr/trailblazer-community/feed/0D54S00000A94BiSAJ
B should be the right answer
A is correct! Enabling custom fiscal years is not reversible. **After enabling custom fiscal years, you cannot revert to standard fiscal years.** However, you can define your custom fiscal years to match a standard fiscal year.
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True. Custom fiscal years in Salesforce restrict the use of standard forecasting options. This is because standard forecasting relies on standard fiscal years defined by the calendar year, which are not compatible with custom fiscal periods set by the company. ITEXAMSLAB.COM