1) Their January payment, whatever accounting year it was based on, met their full tax liability for the ongoing fiscal year.

2) Many firms choose accounting years ending shortly after 6 April for this reason.

3) Article 10 The accounting year is from January 1 to December 31.

4) Revenue from expenditure is generated in only one accounting year, the related expenditure is taken as revenue expenditure.

5) However, the balancing portion is not allowed to be brought forward to next accounting year.

6) Notes receivable which can be collected and converted into cash during next accounting year or operating cycle are classified as current assets and are recorded at face value.

7) The interim financial reporting faces some special problems which are different from annual financial reporting since it is in the middle of the complete accounting year.

8) Accounting periods may be a fiscal year and metaphase, intermediate means shorter than a full accounting year during the report, including a biannual, quarterly and monthly, etc.

9) The total amount of guaranty provided by a listed company to any other party shall not exceed 50% of net assets in the combined accounting statement of the recent accounting year.

10) An interim period refers to a reporting period which is shorter than a full accounting year.

11) For commercial banks: Ranking among the top 100 of the world in the total assets for the most recent accounting year and managing securities assets of not less than US$10 billion.

12) In case of alternation,(http:///accounting year.html) it shall generally occur in the beginning of a new accounting year. This shall also be mentioned in the annual financial report.

13) Permanent accounts maintain their balance beyond the end of the accounting year.

14) On the basis of the experimental cost of business accounting year, the experimental cost of other years is calculated.

15) An interim period is a reporting period shorter than a full accounting year.

16) Accounting periods may be a fiscal year and metaphase, intermediate means shorter than a full accounting year during the report.

17) Where changes are necessary, such changes shall generally be introduced at the beginning of a new accounting year and shall be disclosed in the notes to the accounts of that accounting year.

18) The end of the year prior to the submission of such an application refers to the end of the accounting year prior to the date of application.