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Changing Fiscal Year-end Date
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Changing Fiscal Year-end Date
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mmcgOmaha
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Posts: 1
9/4/2014 4:20 PM
We have been instructed to change the year-end of a small associate company from 6/30 to 12/31. That means that the current period will be "stub" period. Our understanding is that all history will convert to years ending 12/31. That would make it difficult to reproduce any financial statements for the 12 months 7/1/13 to 6/30/14 without actually doing the math to add and subtract from years ending 12/31.
How do others handle the transition?
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