There was a recent discussion on Facebook about the financial year. So I thought I might put this up for more people to see.
http://www.facebook.com/profile.php?id=512720983&v=feed&story_fbid=106382850983
The initial doubt was about the US financial year. In my previous company it is followed from October to September. Google follows it from January to December, coinciding with the calendar year. So after a lengthy discussion and some googling(!) I have finally decided that the government has a fixed financial year. It is upto the business entities to decide whether or not they will follow the same. The following links can also be checked for further reference.
http://www.govtalk.gov.uk/gdsc/html/frames/UKgovernmentFinancialYear-2-0-Release.htm
http://en.wikipedia.org/wiki/Fiscal_year
http://www.businessdictionary.com/definition/financial-year.html
http://www.facebook.com/profile.php?id=512720983&v=feed&story_fbid=106382850983
The initial doubt was about the US financial year. In my previous company it is followed from October to September. Google follows it from January to December, coinciding with the calendar year. So after a lengthy discussion and some googling(!) I have finally decided that the government has a fixed financial year. It is upto the business entities to decide whether or not they will follow the same. The following links can also be checked for further reference.
http://www.govtalk.gov.uk/gdsc/html/frames/UKgovernmentFinancialYear-2-0-Release.htm
http://en.wikipedia.org/wiki/Fiscal_year
http://www.businessdictionary.com/definition/financial-year.html
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