Accounting Periods - Final Close

Yes, in such a case I would recommend to execute script with cursor and api calls. something like that:

DECLARE
   a_   VARCHAR2(32000) := NULL;     -- i_hWndFrame.dlgFinalYearEnd.lsTemp
   c_   NUMBER := 1977;     -- i_hWndFrame.dlgFinalYearEnd.dfFromAccYear
   d_   NUMBER := 1978;     -- i_hWndFrame.dlgFinalYearEnd.dfToAccYear
   e_   VARCHAR2(32000) := NULL;     -- i_hWndFrame.dlgFinalYearEnd.dfCalculateAll
   f_   NUMBER := NULL;     -- i_hWndFrame.dlgFinalYearEnd.dfRate
   g_   NUMBER := NULL;     -- i_hWndFrame.dlgFinalYearEnd.dfConvFactor
   h_   VARCHAR2(32000) := 'FB';     -- i_hWndFrame.dlgFinalYearEnd.sClBal
   i_   VARCHAR2(32000) := NULL;     -- i_hWndFrame.dlgFinalYearEnd.dfUserGroup
   j_   VARCHAR2(32000) := NULL;     -- i_hWndFrame.dlgFinalYearEnd.dfVoucherType
BEGIN

for rec_ in 
  (select * from ifsapp.accounting_period where accounting_year <= 2016 
  and company = '&Company' 
  and period_status = 'Open'
  )
loop
  ifsapp.Accounting_Period_API.Close_Period(rec_.objid, rec_.objversion);
end loop;

for rec_ in 
  (select * from ifsapp.acc_Year where accounting_year <= 2016 and company = '&Company' and Year_status = 'Open')
loop
  
   IFSAPP.Accounting_Year_Closing_API.Update_Opening_Balances__(a_ ,
   rec_.company, rec_.accounting_year, rec_.accounting_year + 1, e_,
   f_, g_,h_, i_,j_);
   
   IFSAPP.Accounting_year_API.Final_Year_End(
   rec_.company, rec_.accounting_year, rec_.accounting_year + 1);
end loop;
END;