A corporation's yearly accounting period which covers a 12 month period for which business activities are reported and profit or loss is determined.
The first 12 fiscal period generally correspond to one calendar month. Period 1 begins in on July 1 and Period 12 ends on June 30. There are 16 fiscal periods in a year. Periods 13 through 16 are used for fiscal year closing transactions only.
Any period at the end of which a governmental unit determines its financial position and the results of its operations. Refer to ACCOUNTING PERIOD.
A number designating the month in the Fiscal Year. 01=July, 07=January, etc. We don't use Fiscal Period 13, though it does exist in Banner. Fiscal Year - Our fiscal year is always referred to by the calendar year in which it ends; for example, fiscal year 2002 begins July 1, 2001 and ends June 30, 2002.
The period of time over which earnings are measured.
Refers to the time period for financial operations of the awarded funds. Grants awarded by the state of PA usually operate on a July 1-June 30 basis. Federal grantsâ€(tm) periods of operation vary, but the Federal government's normal fiscal year runs from October 1 to September 30.
A period which determines the time frame for financial reporting, budgeting, accounting and bond structuring. The default Fiscal Period for a Series is entered in Data-General Assumptions. A bond solution based on a Fiscal Period with solution revenue constraints is aggregated by the fiscal period and the fiscal date entered in the Solution Assumptions screen.
The 12-month period that defines your company's accounting year. For example, a fiscal year could be from January 1st to December 31st.
A segment of a fiscal year. There are 13 periods defined for each fiscal year - 12 that approximate the months in a year, and the 13th for the fiscal close process.
A month within the fiscal year. Codes 01 to 12 represent June to May, and period 14 represents the accrual period (once the regular May month is closed, the accrual period is opened to perform special entries for "year-end" financial reporting).
This is the twelve-month period over which a business or profession reports its income-earning activities. The fiscal period may or may not coincide with the calendar year. The business usually establishes its fiscal period when it files its first income tax return.