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英语翻译
A fiscal period for most businesses covers twelve months.A fiscal period of twelve months in length is called a fiscal year.A fiscal year does not necessarily coincide with the calendar year.Many businesses have seasonal peaks.For them,it is logical to end the accounting period at the point when the operating activity is at its lowest.Thus,a fiscal year can cover any twelve month period,starting on the first day of a month and ending at the last day twelve months later.A fiscal year ending at a business’s lowest point of activity is referred to as natural business year.
A fiscal period for most businesses covers twelve months.A fiscal period of twelve months in length is called a fiscal year.A fiscal year does not necessarily coincide with the calendar year.Many businesses have seasonal peaks.For them,it is logical to end the accounting period at the point when the operating activity is at its lowest.Thus,a fiscal year can cover any twelve month period,starting on the first day of a month and ending at the last day twelve months later.A fiscal year ending at a business’s lowest point of activity is referred to as natural business year.
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