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Questions and Answers
How many fiscal periods are there to which General Ledger entries can be posted at UCI?
When does the fiscal year at UCI begin and end?
How many working days after the month has ended are included in most fiscal periods at UCI?
When can a general error correction (GEC) be posted to the September Fiscal Period at UCI?
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How many special fiscal periods exist at UCI apart from the 12 regular months?
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Study Notes
Fiscal Periods at UCI
- There are 14 fiscal periods in which General Ledger entries can be posted at UCI.
- The fiscal year at UCI begins on July 1 and ends on June 30.
- Most fiscal periods at UCI include 5 working days after the month has ended.
- A General Error Correction (GEC) can be posted to the September Fiscal Period at UCI until October 7.
- There are 2 special fiscal periods at UCI, in addition to the 12 regular months.
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Description
Test your knowledge of fiscal years and fiscal periods with this quiz. Explore the concepts of fiscal year and fiscal period, and understand their significance in accounting and financial reporting.
