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WRITERS NOTE: DO NOT RELEASE NEEDS UPDATE. PANELS IN TIP BUT NOT YET QA 8/7/17 BT 115323 see FSD


Period close rules determine how the system assigns accounting dates when it processes transactions.

Each period close rule includes an accounting date rule used to assign an accounting date to a transaction, along with an accounting date rule used to assign an accounting date to a transaction in the event that the accounting period for the date identified by the initial rule is closed or does not exist. The system applies the period close rules you create to transactions that have message types of MTOPEN, MTCLOSE, and MTLINK. By default, it applies a period close rule of latest open period to transactions for other message types, such as MTCANCEL and MTCASH.

Set Up Entities for Period Close Rules


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Before you create period close rules, you use each entity's Accounting Period Rule Date field (tag 2300) to indicate the criteria that the system uses to identify the period close rules for the entity's transactions. 

If the entity uses period close rules applied across a group of funds, you use the Accounting Date Rule Group field (tag 4303) to identify the entity group that has period close rules used by the entity. These fields appear in the Create/Edit Entity panel and the Create Master Fund panel. 

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WRITERS NOTE: update entity fields used; remove Accounting Date Rule group? Used for other purposes? update on other panels too.

If this accounting period rule is a value other than the System Default value, you can set up a period close rule using the Add Period Close Rule panel. This event and procedure look up these period close rules for how to set the accounting date. A setting of system default sets the accounting date equal to the trade date if the accounting period is open, otherwise, it uses the latest open accounting period.

Change Period Close Rules

In the Manage Period Close Rule panel, you can change one or more period close rules. You do not add your own period close rules. Instead, you can update the set of period close rules that Eagle provides. For each available Message Type/Message Subtype grouping, you can indicate whether to include it when assigning accounting dates. 

To change a period close rule:

  • In Accounting Center, in the left navigation pane, click Setup > Ledger > Period Close Rule > Manage Period Close Rule.
    You see the Manage Period Close Rule panel.
  • In the Please Select Action field, select Change Period Close Rules.
  • Click Submit. 
    You see the period close rules that met your criteria in the Show All tab.
  • Select the row for each period close rule you want to change, and click Change Selected Period Close Rules.
    You see each rule you selected in the Change Selected Period Close Rules tab.
    • Change the rules and click Submit.
    You can change the following information for each rule:  Assignment Rule and Period Close Rule. The remaining fields describing the rule are locked and are for information only.


    List Period Close Rules

    In the Manage Period Close Rule panel, you can view a list of period close rules.

    To list period close rules:

    1. In Accounting Center, in the left navigation pane, click Setup > Ledger > Period Close Rule > Manage Period Close Rule.
      You see the Manage Period Close Rule panel.
    2. In the Please Select Action field, select List Period Close Rules.
    3. Complete the remaining options on the Change, Delete or List Period Close Rule panel. 
    4. Click Submit.
      You see the period close rules that met your criteria in the Show All tab.