Fiskalhalvår

Fiskalhalvår, meaning "fiscal half-year" in English, refers to a six-month period used by some organizations for financial reporting purposes, distinct from the calendar year. This period does not necessarily align with the January to June or July to December periods. Instead, a fiscal half-year is determined by the specific accounting cycle of a company or governmental entity. For instance, a company might choose to have its fiscal year begin on April 1st, making its fiscal half-years April 1st to September 30th and October 1st to March 31st.

The purpose of using a fiscal half-year is to provide more frequent financial updates to stakeholders. These interim reports can offer insights into the company's performance and financial health more regularly than annual reports alone. This allows for better monitoring of trends, quicker identification of potential issues, and more agile decision-making. Many jurisdictions also mandate certain interim reporting periods for publicly traded companies. The specific definition and reporting requirements for a fiscal half-year can vary based on the country's accounting standards and regulations.