A fiscal year (FY) is a company’s annual financial reporting period. A company’s fiscal year may follow the calendar year or any other 12-month period. The federal government’s fiscal year ends on September 30. Fiscal year-end is the end of a fiscal y
You’ve probably heard mentions of fiscal policy. It’s often a hot topic in Washington, but the term is a broad one that can mean a number of different things. In general, it refers to the federal government’s policies on spending and taxes and their influence on the economy. Often,...
Government Contractors should be prepared in several key areas including, Cost Accounting Practices, Provisional Bill / Forward Pricing Rates, Incurred Cost Submission (ICS) Readiness, and other considerations. Cost Accounting Practices. At fiscal/calendar year-end, this is a great opportunity to ...
BEIJING, April 8 (Xinhua) -- China has leveraged a variety of policies to offset downward economic pressure and address structural challenges, securing a robust start of this year with accelerated growth in retail sales, investment, and industrial output. China's retail sales of consumer goods ro...
The fiscal year of the U.S. government runs from October 1 to September 30. It is not the same as a calendar year.7 What Happens at the End of a Fiscal Year? At the end of a fiscal year, a company reviews its entire annual bookkeeping. It reconciles transactions, makes adjustments...
According to this year's government work report, China vows to cultivate new growth drivers, such as biomanufacturing, the commercial space industry, and the low-altitude economy. In the low-altitude economy sector alone, the market size is estimated to surge from over 500 billion yuan in 2023...
According to this year's government work report, China vows to cultivate new growth drivers, such as biomanufacturing, the commercial space industry, and the low-altitude economy. In the low-altitude economy sector alone, the...
Many federal government agencies are funded annually by a dozen appropriations bills that need to be passed by Congress and signed by the president before the start of the new fiscal year on Oct. 1. These are often grouped together into one large piece of legislation known as an "omnibus" ...
The federal government allocated several emergency funding streams to colleges to assist students affected by COVID-19, including the Higher Education Emergency Relief Fund under the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. But much of that funding, first disbursed in 2020...
Congress has until midnight Friday to come up with a way to fund the government, or federal agencies will shutter.