fiscal period

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Fiscal Period

The period of time reflected in financial statements. Usually, the fiscal period is either the calendar year or a quarter. For example, publicly-traded companies must report their financial state for the fiscal period since their previous report. A fiscal period is also called an accounting period.

fiscal period

The period covered by financial reports. For example, an annual report covers a fiscal period of one year, but a quarterly report includes accounting data for three months. Also called accounting period.
References in periodicals archive ?
FASB is coordinating the proposed statement's effective date (for fiscal periods beginning after September 15, 2005) with that of the AICPA and Public Company Accounting Oversight Board literature that will be amended when FASB issues the proposed statement as final.
The statement is effective for nonmonetary asset exchanges occurring in fiscal periods beginning after June 15, 2005.
today reported total sales for fiscal periods ended January 1, 2005, compared with fiscal periods ended January 3, 2004, as follows (dollars in millions):
In assessing the merits of a request, paragraph 2 of Interpretation Bulletin IT 179R states, "Requests for changes in fiscal periods will be approved if they can be demonstrated to be prompted solely by sound business reasons other than obtaining tax benefits".
On their income tax returns for any particular calendar year, individual business owners or partners used to be required to report business income from fiscal periods ending at any time during that calendar year.
This approach has enabled PIC to successfully achieve steady dividends at a high level over the past fiscal periods.
The guidance, whose provisions will be applied prospectively, is effective for nonmonetary asset exchanges that take place in fiscal periods beginning after June 15, 2005, although application is permitted for such transactions occurring in periods beginning any time after the date of issuance.
today reported total sales for fiscal periods ended August 2, 2003, compared with fiscal periods ended August 3, 2002 as follows (dollars in millions):
With the filing of the 2004 Form 10-K, the Company has completed a significant step in the restatement process that began in June 2005 and the Company is working diligently on completing and filing with the SEC its outstanding Quarterly Reports on Form 10-Q for the fiscal periods ended March 31, June 30 and September 30, 2005 and 2006 and its outstanding Annual Report on Form 10-K for the fiscal year ended December 31, 2005.
today reported total sales for fiscal periods ended May 3, 2003, compared with fiscal periods ended May 4, 2002 as follows (dollars in millions):
74 - effective for audits of financial statements and of compliance with laws and regulations for fiscal periods ending after December 31, 1994 - reduces the level of detail provided at the auditing standard level.
Accounting changes complicate comparisons to earlier fiscal periods, but baseline operating expenditures have grown modestly.