1. Objective and Scope
The objective of this procedure is to describe the additional actions required each new year to be carried out by the BFC Admin team.
2. New Year's additional activities
2.1 BFC Production quarterly backup
In the first days of January, BFC IT team asks BFC Admin team to inform the dates for the BFC production database quarterly backups.
In order to be able to determine the appropriate dates BFC Admin should consult Solvay's Financial Calendar published in https://www.solvay.com web site - Investors → Calendar, Events, Presentations.
and propose the Saturday before each quarter/year earnings announcement.
2.2 BFC Administration calendar
2.3 BFC scopes "cleaning"
2.4 Oxygen companies - special process for January
The Oxygen companies are the entities for which reporting simplification measures are implemented for ACTUAL2. Packages are copied from previous period and published by BFC-Admin on non-quarter months.
For January, this procedure is slightly different as we cannot import P&L accounts and BS heading L12000-Profit/Loss from previous period/year.
The special procedure for January is described in this section Reporting Setup and Packages Management in BFC