Fiscal Year - Revision history

User at 17:34, 8 March 2024

2024-03-08T17:34:08Z

User at 15:32, 16 April 2023

2023-04-16T15:32:04Z

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2018-12-27T03:55:03Z

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← Older revision		Revision as of 17:34, 8 March 2024
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	In summary, a fiscal year is a 12-month period used by governments, businesses, and other organizations for financial reporting, budgeting, and taxation purposes. The fiscal year may differ from the calendar year and can vary depending on the country or organization. The choice of a fiscal year can have practical implications for organizations, such as aligning with seasonal business cycles, tax filing deadlines, or financial reporting requirements.		In summary, a fiscal year is a 12-month period used by governments, businesses, and other organizations for financial reporting, budgeting, and taxation purposes. The fiscal year may differ from the calendar year and can vary depending on the country or organization. The choice of a fiscal year can have practical implications for organizations, such as aligning with seasonal business cycles, tax filing deadlines, or financial reporting requirements.
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		+	== See Also ==
		+	*[[IT Strategy (Information Technology Strategy)]]
		+	*[[IT Governance]]
		+	*[[Enterprise Architecture]]
		+	*[[Chief Information Officer (CIO)]]
		+	*[[IT Sourcing (Information Technology Sourcing)]]
		+	*[[IT Operations (Information Technology Operations)]]
		+	*[[E-Strategy]]
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		+	== References ==
		+	<references />

← Older revision		Revision as of 15:32, 16 April 2023
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−	''~~'Content Coming Soon'''~~	+	A fiscal year, also known as a financial year or budget year, is a 12-month period used by governments, businesses, and other organizations for financial reporting, budgeting, and taxation purposes. The fiscal year is not always the same as the calendar year, which starts on January 1 and ends on December 31. Instead, the fiscal year may begin and end on different dates, depending on the organization or country.
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		+	Different countries and organizations use different fiscal years, which may be determined by legislation, industry practices, or other factors. For example:
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		+	#United States: The federal government's fiscal year runs from October 1 to September 30. Many U.S. companies follow a fiscal year that aligns with the calendar year, although some choose different 12-month periods based on their business cycles or industry practices.
		+	#United Kingdom: The UK government's fiscal year runs from April 1 to March 31 for budgetary purposes, while the tax year for individuals runs from April 6 to April 5. Many UK companies also use a fiscal year that aligns with the tax year or calendar year.
		+	#Japan: The Japanese fiscal year runs from April 1 to March 31, and this period is commonly used by businesses and other organizations in Japan.
		+	#Australia: The Australian fiscal year runs from July 1 to June 30, which is used by the government, businesses, and individuals for taxation and reporting purposes.
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		+	The choice of a fiscal year can have practical implications for organizations, such as aligning with seasonal business cycles, tax filing deadlines, or financial reporting requirements. Using a fiscal year that is different from the calendar year can also allow organizations to better plan and allocate resources, manage budgets, and evaluate performance.
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		+	In summary, a fiscal year is a 12-month period used by governments, businesses, and other organizations for financial reporting, budgeting, and taxation purposes. The fiscal year may differ from the calendar year and can vary depending on the country or organization. The choice of a fiscal year can have practical implications for organizations, such as aligning with seasonal business cycles, tax filing deadlines, or financial reporting requirements.