Скачать или смотреть What Is Fiscal Year-End?

Fiscal year-end refers to the completion of any one-year or 12-month accounting period other than a typical calendar year. A fiscal year is often the period used for calculating annual financial statements. A company's fiscal year may differ from the calendar year, and may not close on December 31 due to the nature of a company's needs. Once companies choose its fiscal year-end—typically when they are first incorporating or forming their company—it is required to stick with it year to year. This allows accounting data to be consistent in terms of time frames. Every year, public companies are required to publish financial statements for review by the Securities and Exchange Commission (SEC). These documents also give investors an update on company performance compared to previous years and provide analysts with a way to understand business operations. Financial statements are published after each company's fiscal year-end, which may vary from company to company. If a company has a fiscal year-end that is the same as the calendar year-end, it means that the fiscal year ends on Dec. 31. However, companies have the ability to choose the best fiscal year-end for themselves, designed with the needs of the company in mind. Analysts rely on comparative data to identify trends and create forecasts.
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