Patent ID: 8738489

Claim:
A non-transitory computer-readable medium having instructions stored thereon that, when executed by a processor, cause the processor to manage a schedule in a financial close management system, comprising: selecting a template in the financial close management system, wherein the template comprises a repeatable ordered collection of tasks, and wherein each task is assigned an offset day that defines an offset from a user-defined date; automatically creating the schedule in the financial close management system from the selected template, the schedule comprising an ordered set of tasks and a status, wherein each task is copied from the selected template to the schedule, wherein each task of the schedule is assigned a calendar date that is calculated based on the user-defined date and the offset day, and wherein at least one task of the schedule comprises one or more parameters defined to be set by the schedule; modifying the schedule in the financial close management system, while the schedule is active; restricting modifications that can be made to the schedule, based, in part, on the status of the schedule; wherein the status of the schedule has one of a plurality of values; wherein any type of modification can be made to the schedule when the status of the schedule has a first value; wherein only certain types of modifications can be made to the schedule when the status of the schedule has a second value; and wherein no modifications can be made to the schedule when the status of the schedule has a third value; selecting a value to be assigned to each parameter of the one or more parameters at the schedule; and assigning, by the schedule, each value to each parameter of the at least one task.