answersLogoWhite

0

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.

User Avatar

Wiki User

9y ago

Still curious? Ask our experts.

Chat with our AI personalities

ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi
TaigaTaiga
Every great hero faces trials, and you—yes, YOU—are no exception!
Chat with Taiga
LaoLao
The path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
More answers

None. They are the same.

User Avatar

Wiki User

13y ago
User Avatar

Add your answer:

Earn +20 pts
Q: What is the difference between a fiscal year in the calendar year?
Write your answer...
Submit
Still have questions?
magnify glass
imp