Accountants prepare corporate statements using different accounting periods. The accounting periods are taxable year, fiscal year and plan year. When forming a new business, you can choose a taxable ...

A fiscal year, or FY, is a company’s annual accounting period used for financial reporting. A fiscal year can be either 12 consecutive months ending on the last day of a month other than December or a ...

When a company first goes into business, it chooses the yearly reporting period for tax purposes. Fiscal auditing periods may start during any month. For example, perhaps your employer has a fiscal ...

Fiscal years differ from calendar years, allowing businesses to choose optimal reporting periods. Companies adjust fiscal year ends to align with business seasonality, aiding financial reporting.

Northwestern's fiscal year begins September 1 and ends August 31. Resources are provided annually to assist schools and units in finalizing activity for the current fiscal year. You are encouraged to ...