Can a business define it's own fiscal year dates?

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Can a business define it's own fiscal year dates?

2006-12-29 11:58:53 · 3 answers · asked by Cam 6 in Business & Finance ➔ Other - Business & Finance

3 answers

yes, in that the start and finish but it's still a year's time. Howevere there are certain accounting reasons why you would want to go with a standard fiscal year start.

2006-12-29 12:08:05 · answer #1 · answered by Tex 4 · 0⤊ 0⤋

I think so, but there is some thing that you have to do in order to do so, I think that they fiscal year is different then the tax year and so yes.

2006-12-29 12:02:32 · answer #2 · answered by Friend 6 · 0⤊ 0⤋

Yes

2006-12-29 12:00:21 · answer #3 · answered by aurora 2 · 0⤊ 0⤋