Can we change the company code posting periods to previous periods?

Hello folks,
I wated to change company code posting periods to previous posting periods.Right now the posting period for company code is 04/2008, and I want to make it to 10/2007. Is it possible.
I am doing this in Dev Sand box.
Thanks
Ravi

Path: SPRO->Logistics-General->Material master->Basic Settings->Maintain Company Codes for Materials Management.
In this configuration, you can change the posting periods. As mentioned earlier in one of the replies, this change is done with utmost caution as this could result in to data inconsistencies, if left open for a longer period of time.. It is advised to change this setting when no other document postings are allowed by other users...

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