5 Questions
When does the fiscal year at UCI begin and end?
July 1 to June 30
What are the special fiscal periods at UCI?
Beginning Balances (BB) and C&G Beginning Balances (CB)
How many fiscal periods are there for General Ledger entries at UCI?
15
When can a general error correction (GEC) be posted to the September Fiscal Period at UCI?
As late as Oct. 6
How many working days after the month has ended can transactions be posted to most fiscal periods at UCI?
5
Study Notes
Fiscal Year at UCI
- The fiscal year at UCI begins on July 1 and ends on June 30.
Special Fiscal Periods at UCI
- There are 13 special fiscal periods at UCI.
General Ledger Entries at UCI
- There are 13 fiscal periods for General Ledger entries at UCI.
General Error Correction (GEC) Posting
- A general error correction (GEC) can be posted to the September Fiscal Period at UCI from July 1 to the 5th working day in August.
Transaction Posting Deadline at UCI
- Transactions can be posted to most fiscal periods at UCI up to 5 working days after the month has ended.
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.
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