Cost crentre creation date - norms

Hi,
Is it mandatory to create cost centers always with effect from the first date of the month or I can create the same on any date?
Suppose I have created a cost centre on 02.12.07 and have posted to a cost element for the first time on 09.12.07 and want to run to distribution cycle on 09.12.07 itself...will it work?
Do I need to follow any norms reagading dates for creation of cost elements...mean to say...if the cost element date is prior to creation of cost centre, will that give me trouble while settling..or the vice versa.
Regards,
AB

It controls two imp parameters
cost center will be active based on your from and to dates.
this will also used to control different parameters for different periods ex. different person responsible for different time frames.
no relation with cost elements. when u post document it will see wether cost element and cost are active on the perticular day.
distribution cycle for period end activity to allocate common expenses occured during the month. it will considere only the posting during the period specified.

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    https://www.macupdate.com/app/mac/20615/sheepshaver
    http://en.wikipedia.org/wiki/Classic_Environment
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