When you begin a new fiscal period -
A)the fiscal end date is advanced by one quarter if the previous fiscal period was one quarter
B)the fiscal end date must be advanced manually from the company information screen
C)the fiscal end date assigned by the program must be accepted
D)the fiscal end date is automatically advanced by one year

Question

Quizplus · Accepted Answer

When you begin a new fiscal period, the fiscal end date is typically advanced automatically by one year to reflect the progression into the next fiscal year. This automation helps ensure that financial reporting and planning align with the new fiscal period without requiring manual adjustments for the end date.

When You Begin a New Fiscal Period -