Doublespeak
Double speak
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.
second
At the end of the company's fiscal year.
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.
Double speak
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.
The company generated 175 billion in revenue in the last fiscal 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.
Second
the company fiscal year
second
second
At the end of the company's fiscal year.
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.
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.
PPBE