Field Description - Fiscal Year

The Fiscal Year is the 12-month (or 13-period) span of time at the end of which all journal entries are completed in order to provide a statement of a company's, organization's, or government's financial condition.  A Fiscal Year does not necessarily correspond to a Calendar Year.

Tip:  The Fiscal Year is referred to by the date in which it ends. For example, if a company's Fiscal Year ends October 31, 2006, then everything between November 1, 2005 and October 31, 2006 (inclusive) is referred to as Fiscal Year 2006.

Where-Maintained:  Fiscal Year Table Maintenance

Format:  Date (CCYY - century required)