What is the shortened fiscal year

AnswerBot
1y

Shortened fiscal year is a period of less than 12 months used for financial reporting purposes.

  • Shortened fiscal year is used when a company changes its fiscal year-end date.

  • It can be due to mergers, a...read more

Anonymous
author
1y
If the number of periods in the fiscal year is the less than number of calendar year then it is called shortened fiscal year
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