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Doublespeak

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12y ago

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Define the form of language shown by the following sentence The company will be downsizing in the next fiscal year?

Double speak


If dividends are declared in a fiscal year but a portion is to be paid in the next fiscal year what amount is record for the currect fiscal year Retained Earnings Statement?

Dividends declared will not be recorded until they are actually paid. You should record the portion paid this year in your retained earnings and the portion that is paid in the next fiscal year in the subsequent year.


How much revenue did the company generate in the last fiscal year, totaling 175 billion?

The company generated 175 billion in revenue in the last fiscal year.


What is the difference between a fiscal year in the calendar year?

A fiscal year is the recurring 12 month period that a company according to its Statutes decides to report on. Companies for instance whose turover and profit have a very seasonal character may decide to have their fiscal year end at the end of their sales season and so have a fiscal year that runs e.g. from October 1st to September 30th or even from April 15th to April 14th of the next year. Most companies today have a fiscal year that is equal to the calendar year and so report over the period January 1st to December 31st. But whatever the period, it must be established in the Statutes of the company and it cannot be changed randomly by the company.


What quarter do you begin developing the next year fiscal year budget?

Second


Bond ratings are usually NOT affected by?

the company fiscal year


What quarter begins developing the next fiscal year budget?

second


What quarter you begin developing the next fiscal year budget?

second


When is a physical inventory is usually taken?

At the end of the company's fiscal year.


How do you know what a business's fiscal year is?

The fiscal year is (or should be) stated in a company's charter. If it's incorporated (with stock sold to the public), the fiscal year will be stated in its annual reports to stockholders. Even if not publicly owned, the fiscal year MUST be stated in its tax returns, which ought to be a matter of public record.


Do all companies have the same fiscal year?

No, it varies from company to company and even country to country. Even the length of the "year" can vary. Some companies have a fiscal year of 52 weeks, while others operate on 53-week cycle.


What budgeting review for the next fiscal year occurs while one FY budget is being executed and the next fiscal year is being enacted?

PPBE