What is a Fiscal Year?
A fiscal year is a time interval for annual accounting, which is the time limit that reflects the unit's financial status and accounting for operating results. Under normal circumstances, the operation and business activities of a unit are always continuous. If the unit's financial and operating results are not calculated until the unit's operations and business activities are completed, it is not conducive to the external stakeholders of the unit to understand the The operating conditions can not meet the needs of the enterprise's own management. Therefore, in accounting, the continuous operation process is artificially divided into several equal periods, which are settled in sections, financial accounting reports are prepared in sections, and the financial status and operating results of the units are reflected in sections. This period of time for accounting is divided into accounting periods.
Fiscal year
- China has always adopted a unified calendar system
- Change the current unity
- 1. Deal with
- Fiscal year
- Calendar year
- (January-December): China, Austria, Belgium, Bulgaria, Czech Republic, Slovakia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Norway, Poland, Portugal, Romania, Spain, Switzerland, Russia, Belarus , Ukraine, Mexico, Costa Rica, Dominica, El Salvador, Guatemala, Paraguay, Honduras, Peru, Panama, Bolivia, Brazil, Chile, Colombia, Ecuador, Cyprus, Jordan, North Korea, Malaysia, Oman, Algeria, Syria, Central African Empire, Ivory Coast, Liberia, Libya, Rwanda, Senegal, Somalia, Togo, Zambia, etc.
- April to March
- From April to March, Denmark, Canada, the United Kingdom, Niue, India, Indonesia, Iraq, Japan, Kuwait, Singapore, Nigeria, etc.
- July to June
- The following systems are adopted from July to June: Sweden, Australia, Bangladesh, Pakistan, Philippines, Egypt, Gambia, Ghana, Kenya, Mauritius, Sudan, Tanzania, and so on.
- 4. The systems from October to September are: the United States, Haiti, Myanmar, Thailand, and Sri Lanka.
- Other types
- Other types are:
- Afghanistan and Iran: March 21 to March 20 the following year;
- Nepal: July 16 to July 15 the following year;
- Turkey: March to February of the following year;
- Ethiopia: July 8 to July 7 the following year;
- Argentina: November to October;
- Luxembourg: May to April of the following year;
- Saudi Arabia: October 15 to October 14 the following year.