Welcome back to my ACCOUNTING 101 series of courses!  Whether you are a business owner who wants to better understand accounting and finance or a new accounting student, these courses will help develop your fundamental understanding of basic accounting.    

In this course I discuss the possible reporting periods for a business.  Specifically, the difference between using a CALENDAR year reporting period and FISCAL year reporting period.  I also discuss the possible reasons a company would elect a fiscal year instead of the traditional January through December period.