What does LFY mean in FINANCE
LFY stands for Last Financial Year. The LFY is the tax year or accounting period preceding the current financial year. It may also refer to a company or organization's most recent fiscal year, which is usually a twelve-month period but can be as short as two months.
LFY meaning in Finance in Business
LFY mostly used in an acronym Finance in Category Business that means Last Financial Year
Shorthand: LFY,
Full Form: Last Financial Year
For more information of "Last Financial Year", see the section below.
Essential Questions and Answers on Last Financial Year in "BUSINESS»FINANCE"
What does LFY mean?
LFY stands for Last Financial Year.
What time period does the LFY refer to?
The LFY is the tax year or accounting period preceding the current financial year. It may also refer to a company or organization's most recent fiscal year, which is usually a twelve-month period but can be as short as two months.
How many months make up a typical fiscal year?
A typical fiscal year usually consists of twelve months.
How often does a business typically run its finances?
Most businesses run their financial reports on an annual basis, normally once per year.
What other terms are related to Last Financial Year?
Some related terms are taxable income, profit and loss, and retained earnings.
Final Words:
In conclusion, LFY stands for Last Financial Year and refers to the previous tax or accounting period when determining current finances. Businesses typically review their finances on an annual basis, in order to assess their profits and losses during that time period.
LFY also stands for: |
|
| All stands for LFY |