What does the company's fiscal year mean?

Fiscal year refers to the time span for a country to summarize the budget and the implementation of revenue and expenditure according to law.

The main difference between fiscal year and natural year lies in the different definitions. Fiscal year refers to the time span for a country to summarize the budget and the implementation of revenue and expenditure according to law. The natural year refers to New Year's Day every year, counting from February 3 1 of the year 65438+, that is, one year is calculated according to the Gregorian calendar.

The concept fiscal year related to fiscal year and natural year refers to the time span of accounting for the financial situation and operating results of each unit. The first quarter usually refers to the financial situation from 1 to March. Financial quarter refers to the financial situation of a company in a quarter, including assets and liabilities, profits and cash flow.

What does the fiscal year mean?

The fiscal year refers to the accounting work, and one year is defined as the start and end period of accounting business activities or budget execution activities (generally 65438+ 10/to 65438+February 3 1). It is the time limit to reflect the financial situation of the unit and to calculate the operating results. China has always adopted a unified calendar year, that is, the start and end dates of the fiscal year are consistent with the Gregorian calendar.