Saturday, May 14, 2011

Why and when would you use a year-specific fiscal year variant

The year-specific fiscal year variants are used in two cases. The first is when the start and end dates of the posting periods differing from year to year, such as when there are 365 days in a fiscal year regardless of leap year. The second case is when one fiscal year has fewer posting periods than the others [shortened fiscal year].

No comments:

Post a Comment