An annual reporting period consisting of any twelve consecutive months is known as Fiscal year.
The government and enterprises utilize a fiscal year (FY), usually referred to as a budget year, as the time frame for accounting to create annual financial accounts and reports. A fiscal year may not end on December 31 and is made up of 12 months or 52 weeks.
Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organizations for financial reporting.
Companies and workplace groups use a fiscal year, which is a 12-month period, to submit, review, and communicate their financial accounts, budgets, and objectives. This period of time need not follow the conventional January to December calendar year pattern. Every company has a unique nature when it comes to generating revenue and succeeding.
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They can look at the revenue receipt.
Money supply refer to the entire liquid instruments that a country or an entity have at a specific period of time. By looking at the revenue receipt, they can determine whether the revenue will be in the form of liquid instrument such as cash , short term investment, etc or in the form of receivable<span />
Answer:
transactions
Explanation:
the accountant analyzes transactions before financial information is represented in reports
