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Start of fiscal year in the Philippines?
when the fiscal year beginning in the philippines
When does fiscal year 2011 start?
October
When does Illinois fiscal year start?
July 1st.
New york fiscal year end?
If you mean New York State, the start of the fiscal year is April 1st, and the end is March 31st of the following year. If you mean New York City, the start of the fiscal year is July 1st, and the end is June 30th of the following year.
What month is the start of the governments fiscal year?
October October
When does the bank fiscal year start and end?
June 30
How does a fiscal year differ from a calendar year?
A calendar year, by definition, starts on January 1 and ends on December 31. A fiscal year does not need to do that. Many companies, and organizations including Universities and Colleges, start their fiscal year on July 1.
Do you depreciate an asset in the year of sale?
Yes assets are depreciated in year of sale upto the sale time in fiscal year of sale. IF asset is sold at start of year then there is no depreciation for that fiscal year.
When does the next fiscal year begging?
The next fiscal year typically begins on January 1st for most organizations. However, some companies and governments may have different fiscal year start dates that align with their specific accounting cycles. It is best to consult the relevant organization's financial documents or policies to determine the exact start date of their fiscal year.
What month is the beginning to the year?
January is usually the beginning of a year. Financial year and fiscal year may start on other months.
What is the Difference between favourable and adverse variance?
At the start of fiscal period every organisation prepares budgets for the coming period and then use the same estimated budget at the end of fiscal year to evaluate the performence in the fiscal year. When actuall amount for any activity is utilized less then the budgeted amount estimated for the same activity at the start of the fiscal year and perform the same activity accurately as estimated at start of period with less amount then it is called favourable variance and vice versa.
How can you determine what your fiscal year ishow to set the fiscal year date. How is the fiscal year set?
The fiscal year is the twelve month period used for keeping financial records. It is useful for comparing one year with the previous year or years to see what kind of progress has been accomplished. A fiscal year is determined for one's self by a person or organization, and can start on any date that is convenient. The fiscal year of the U.S. Government originally ran from July 1st to July 1st because the U.S. officially came into being on July 4, 1776. Subsequently, the U.S. Government changed its fiscal year to begin on October 1st (I think), but I don't know the reason for that change. Most persons establish their fiscal year to coincide with the calendar year: January 1st to January 1st.
