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valentinak56 [21]
3 years ago
13

What is a fiscal year?

Business
2 answers:
ValentinkaMS [17]3 years ago
4 0

Answer:

12-month financial planning period that may or may not coincide with the calendar year

Explanation:

Darina [25.2K]3 years ago
3 0

A fiscal year, is a 12-month financial planning period that may or may not coincide with the calendar year.

Explanation:

A fiscal year to the government is just like a financial year for a company/corporation.

A government can have a fiscal year from the middle of a year (July) to the next year (June) which in total is 12 months.

Sometimes a fiscal year coincide with the calendar year but that does not acknowledge the fact that is must be a calendar year.

This fiscal period are a planned period to take up projects or meet budgets.

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