Creating calendar years At a minimum, you must define the previous, current, and next calendar year. Select Financials > Global Ledger > Setup > Finance Enterprise Group > Maintenance. Open a finance enterprise group record. Click the Calendar tab. Select a calendar. Select Actions > Create Calendar Year. This action is not available for the calendar type of Other. Specify this information: Year Specify the year for the calendar. Start Date Specify the start date of the fiscal calendar. Click OK. The calendar periods are created based on the Calendar Type and Start Date. Select the Hierarchy tab. Expand the Year to view the periods that are created. Repeat these steps for each calendar year that you want to create.