Difference between revisions of "Fiscal year"
| Line 1: | Line 1: | ||
| − | [[Fiscal year]] is the 12-month period an [[organization]] including local and national governments chooses for its accounting year. | + | [[Fiscal year]] (hereinafter, the ''Year'') is the 12-month period an [[organization]] including local and national governments chooses for its accounting year. The ''Year'' may or may not coincide with a [[calendar year]]. If a business organization has a point of the slowest sales during a [[calendar year]], this organization may setup its ''Year'' closer to its [[natural business year]]. |
Latest revision as of 02:13, 17 November 2018
Fiscal year (hereinafter, the Year) is the 12-month period an organization including local and national governments chooses for its accounting year. The Year may or may not coincide with a calendar year. If a business organization has a point of the slowest sales during a calendar year, this organization may setup its Year closer to its natural business year.
