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A "Fiscal Year" can be any 12 month period - usually based upon a company's use of funds over the year. It could be July 1st as that may be that particular company's historical starting date.

This is common among many corporations.

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17y ago

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Related Questions

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.


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.


What is a fiscal period?

A year of business. July to July.


What do you mean by current fiscal?

The current year is the one you're in. A fiscal year is a one year period, but it doesn't necessarily go January to December. A fiscal year starts when the business started (usually) and goes for one year. For a school, it might run September 1 to August 31.


When does the fiscal year end for Target?

The Fiscal Year runs from February to January for Target. It ends on the Saturday closest to January 31st. For example, this year will end January 30th, 2010


What dates do state fiscal years begin?

There is no specific starting dates for fiscal year and fiscal year can be start form any month as different industries has different starting periods but most commons are from january to december or july to june etc.


When does German fiscal year starts?

the German fiscal year in January 1st... and ends in December 31st....


When does Illinois fiscal year start?

July 1st.


When does quarter 2 start?

Quarter 2 of the calendar year starts on April 1 and ends on June 30. In a fiscal year, the start of Q2 may vary depending on the organization's specific fiscal calendar. For example, if a company's fiscal year begins on July 1, then Q2 would start on January 1.


What is the Difference between short and long term contract?

A short term contract is any contract that is started and completed within a fiscal year. A long-term contract is any contract that is started in a fiscal year and is completed in another fiscal year. For instance. If the taxpayer has a December 31 year end and a contract is started on December 24th and completed on January 3rd, this is deemed a long-term contract even though the duration of the contract was only 10 days.


What is the last quarter of the government fiscal year?

JULY to SEPT


What is the fiscal year for sam swope auto group llc?

The fiscal year for Sam Swope Auto Group LLC is January 1 - December 31.