BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A fiscal year is a 12-month period of time that a company or government uses for accounting purposes to measure its financial performance. A calendar year is a 12-month period of time that runs from January 1st to December 31st. The fiscal year does not necessarily line up with the calendar year.

Detailed explanation-2: -A Fiscal Year (FY), also known as a budget year, is a period of time used by the government and businesses for accounting purposes to formulate annual financial statements and reports. A fiscal year consists of 12 months or 52 weeks and might not end on December 31.

Detailed explanation-3: -A fiscal year is the twelve-month period that an organization uses for budgeting, forecasting and reporting. Although many organizations follow the calendar year, a fiscal year can start at any point in the year and end 12 months later.

Detailed explanation-4: -The tax years you can use are: Calendar year-12 consecutive months beginning January 1 and ending December 31. Fiscal year-12 consecutive months ending on the last day of any month except December.