fiscal year means what???
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Answer / honey
Fiscel year can be consider as another name for the
financial year term used in Accounting.
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / balachandrudu
fiscal year means calculating year from april to march.
| Is This Answer Correct ? | 22 Yes | 7 No |
Answer / rakesh
Fiscal year is a financial year and vary between businesses
and countries...
eg.
01-April - 31st March in India
01-July - 30th June in Australia and NZ
01-October - 30th September in US
and so on...
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / palzkumar
Pavidhra,
Where its been used...? which country is using this...????
Actually, as per Business Standard,
Fiscal Year means Apl-01 to March-31, which we considered
as Finacial Year for Indian Finacial Closing..
Western country, they do close on Dec-31, so they use
Calander Year.
Calander Year means Jan-01 to Dec-31..
In som organization, the have their own year cycle, like JC
Year (Journey Cycle), MOC Year ( Monthly Operating Cycle)
etc....
rgds,
palz
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / suresh babu
A 12-month period over which a company budgets its spending.
A fiscal year does not always begin in January and end in
December; it may run over any period of 12 months. The
fiscal year is referred to by the date in which it ends. For
example, if a company's fiscal year ends October 31, 2006,
then everything between November 1, 2005 and October 31,
2006 would be referred to as FY 2006. Not using the actual
calendar year gives many companies an advantage, allowing
them to close their books at a time which is most convenient
for them.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / nasa
A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements in businesses and other organizations.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pavithra
Fiscal year means financial year.
usually it will consider from december to november
e.g dec 2006 to nov 2007
| Is This Answer Correct ? | 2 Yes | 23 No |
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