Comment 17 for bug 550106

2 issues

IMHO the second check is not necessary if the newly created from date does not fall into an old fy the reverse is not possible

from comment 4
* no gap between fiscal years
     ->Could you please brief on what gap between fiscal years means,is it that if a fiscal year start from 2010/01/01 ends at 2010/12/31 then the next fiscal year must start from 2011/01/01.

exactly - the new fiscal year must start 2011/01/01 and not 2011/01/02 or 2011/02/01
this should be checked.
start of new fiscal year must be end date of the last fy + 1day
IMHO for comfort this should be a wizard
create new fy
just think that for oodo someone has to create new fy for every company ... user will not do it or ask the finance/admin if they can't work in the new fy - and the admin will not know - question who is the admin in SME? answer: the partner.