Change the application date

Hello My Dear,
What is the effect of changing the date of the application to the previous date.
for example:-
if the oracle application date is 10 Apr and change this date to 7 Apr to enter the later transactions like reciepts.
is there any effect on the cost of items?
thanks

Hi,
There might not be change in cost but the accounts will have additional/wrong data.
Inventory Valuation, WIP valuation, Reeving account are few to mention but all these will have wrong $ (i.e. not as per the actual transaction dates happening outside the system).
These are only few to mention, every where and any where accounts hit are effected.
Not to ignore your period being changed status in these days like (Purchasing, inventory, GL, Payable period).
You might also see some error messges while opening forms based on the dates that transactions happened in future date.
P:S: These are somethings which can happen, I have not done this personally to record the results.
Thanks
Karthik.

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