answersLogoWhite

0

What is a financial year?

User Avatar

Anonymous

16y ago
Updated: 8/16/2019

A financial year is a period in a business's existence that is as long as a calendar year, but ends on a date of the business's choosing. Typically the "year-end" date is the last business day of a month, but it does not have to be December 31st. At the year-end, financial data are collected and an annual report is constructed for the financial year that just concluded. This report includes all key financial statements and other pertinent information for stakeholders in the company, including tax agencies.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

What is the financial year in Singapore?

financial year in singapore


What is the difference between financial year and accounting year?

They are the same; in the financial year we earned income.


How many Mondays in a financial year?

Like a standard year, there can be 52 or 53 Mondays in a financial year.


How many weeks in financial year 2012 2013?

There are 53 weeks in the financial year 2012 - 2013. A financial year is also known as a fiscal year and there can be 52 or 53 weeks depending on the year.


What is the 3rd month of financial year?

The 3rd month of a financial year depends on when the financial year starts. For businesses that follow the calendar year, the 3rd month is March. If the financial year begins in April, as in many countries, the 3rd month would be June. It's essential to verify the specific financial year timeframe for accurate identification.


When does Australian financial year start?

1st of July starts the Australia financial year


How can you change the financial year in tally 9?

How to change the financial year in the particular company.


What month is the end of the financial year in Singapore?

Australia's financial year ends with the month of June.


Is this correct grammar The financial year end has past?

No, that should be the financial year-end has passed.


How many thurdays in 2011 financial year?

In the 2011-2012 financial year there are 52 Thursdays.


What is the financial year dates of Switzerland?

The financial year in Switzerland is the same as the calendar year, 1st January to 31st December.


What is FY10?

Fiscal Year or Financial Year