What is the differences between "Fiscal Year" and "Calendar Year" in Accounting?
Fiscal year,is the end of the account year.The day of the month of the year,that a company started.accounts settled and new planing for the next fiscal year. Calender year, is last day of old year and first day of new year.
by starbrite. - 8 hours ago
A calendar year is January to December. However, a school year is September to June, so a year does not always begin in January and end in December. A company's fiscal year is whatever they use for their financial beginning and end. It could be any month to the same time a year later.
by Melissa - 8 hours ago
Calendar year begins on Jan 1 and ends on Dec 31 Fiscal year is determined by a company or organization for the beginning and end. Example, the Federal Govt has a fiscal year that starts on July 1 and ends on June 30
by edco - 8 hours ago
Calendar year is 1 Jan thru 31 Dec. Fiscal year is whenever the budget starts. Many governments start their fiscal year 1 July and close out 30 June. I have no idea why.
by heyteach - 8 hours ago
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