Fund Management Issue

Hi,
I have a query regarding the budget updation in FM.
1: If I am cancelling a PR (purchase requisition) raised and released in the month of Dec/u20192008 then where
will the unutilized PR amount will go i.e, can I use that amount in any month in 2009. Will the last FY (fiscal year) 2008
amount can be used in this month?
2: If I am cancelling a PO (purchase order) raised and released in the month of Dec/2008 then where will the unutilized PO amount will go i.e, can I use that amount in any month in 2009. Will the last FY amount can be used in this month?
3:  Is these type of cases are FY (fiscal year) specific, quarterly specific or monthly specific?
Note: Fiscal year for our company code is from Jan to December.
Help...
Nivedita Panwar

Thanks Eli.
I need little more clarification:---
I got your statement "When you release a commitment (either PR or PO), it releases the budget in the year where this commitemnt currently exists (i.e. if it was carried-forward, the budget will be released in the CF year)."
Now suppose, commitment (eithetr PR or PO) made and released in FY 2008 has been carried forward to FY 2009.
If I am cancelling the same commitment (either PR or PO) in FY 2009 then where will this amount go?. I mean when we will cancel PR or PO of FY 2008 in FY 2009 then some unutilized amount will be there. What will happen with this amount. Can we use it in current FY 2009
Nivedita

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