In the world of accounting, finance and taxes, there’s more than one type of year. In addition to regular years, there are a number of different fiscal years. A fiscal year is the 12-month period a ...

A fiscal year is an accounting period. The accounting period can either be the calendar year from January to December or another 12-consecutive-month period selected by a company. Fiscal years are ...

When a company first goes into business, it chooses the yearly reporting period for tax purposes. Fiscal auditing periods may start during any month. For example, perhaps your employer has a fiscal ...

A fiscal deficit emerges when a government's spending surpasses its revenue, calculated as a percentage of GDP or the excess of total expenses over income, excluding borrowings. Fiscal deficits arise ...

India is grappling with significant hurdles in its quest to achieve the fiscal deficit target of 4.5% of GDP by 2025-26. Analysts at Fitch Ratings have raised concerns about the feasibility of this ...