Hi everybody.
Can anybody explain me which is the difference among the terms:
- financial year
- fiscal year
- accounting period
?
As far as I know, and I have read on WR threads, "Financial year" should be "esercizio finanziario" in Italian. A period of time going from the 1st January to the 31st of December.
"Accounting period" should be "Esercizio contabile", a 12 or even 13 months period long, not necessarily starting on the 1st day of the year.
What about "Fiscal year"? What is it exactly? Is it a "anno fiscale" or "esercizio fiscale"? Isn't "fiscale" translated with "tax" in English?
I'm waiting for your useful suggestions to finally have a clear and right idea about these terms.
Thanks a lot and good afternoon.
Laila
Can anybody explain me which is the difference among the terms:
- financial year
- fiscal year
- accounting period
?
As far as I know, and I have read on WR threads, "Financial year" should be "esercizio finanziario" in Italian. A period of time going from the 1st January to the 31st of December.
"Accounting period" should be "Esercizio contabile", a 12 or even 13 months period long, not necessarily starting on the 1st day of the year.
What about "Fiscal year"? What is it exactly? Is it a "anno fiscale" or "esercizio fiscale"? Isn't "fiscale" translated with "tax" in English?
I'm waiting for your useful suggestions to finally have a clear and right idea about these terms.
Thanks a lot and good afternoon.
Laila
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