0
Time period relating to finance or finances. Fiscal year end = the end of an accounting year/cycle. Your first fiscal year could be only 3 months as at March 31, 2010 (you start your business on Jan 1st to Mar 31st) and then thereafter your Fiscal Year End is March 31st. Fiscal period could be financial reporting for only one month. It needs to be defined by the user in a financial report of some kind.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What does fiscal mean?
Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.
Define Prepaid revenue?
Prepaid revenues are defined as revenue that have been received in the current fiscal period but that will not be added to revenues until a subsequent fiscal period when the benefits are given.
What is the time period a budget usually covers?
a fiscal year
A 12-month accounting period is called a?
a 12 month period is called a fiscal year, there is also a natural year.
What terms mean related to money?
The word "fiscal" means related to money and finance.
What does fiscal year mean?
Fiscal years means the minimum accounting period for which books of accounts are maintained and business activity is performed.
What is a financial period?
Fiscal year
What is financial period?
Fiscal year
Why does a business need to be consistent in the fiscal period it uses for its financial reports?
A business needs to be consistent in the fiscal period it uses for financial reports for purposes of comparison and accuracy. If the fiscal period changes, then it is difficult to compare the business's performance across different periods.
What period of time is the income statement?
Income statement can be made for any period of time but normally it is one fiscal year and all expenses and incomes related to that fiscal period is shown.
What do you mean by fiscal autonomy for Philippines?
Fiscal autonomy for the Philippines refers to the ability of local governments to have control over their budget and financial resources independently from the central government. This gives them the power to make decisions on their spending priorities and revenue generation, leading to more efficient and responsive governance at the local level.
What is a fiscal period?
A year of business. July to July.
The ending account balance of permanent accounts for one fiscal period are the beginning account balances for the next fiscal period?
th ending account balances of permanent accounts for one fisical period?
What does fiscal mean?
Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.
Define Prepaid revenue?
Prepaid revenues are defined as revenue that have been received in the current fiscal period but that will not be added to revenues until a subsequent fiscal period when the benefits are given.
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.
What is the time period a budget usually covers?
a fiscal year
