closure of financial year vs close of financial year

Both "closure of financial year" and "close of financial year" are correct phrases that can be used interchangeably. They both refer to the end or completion of the financial year. The choice between the two may depend on personal preference or regional variations.

Last updated: March 21, 2024 • 1331 views

This phrase is correct and commonly used to refer to the end or completion of the financial year.

"closure of financial year"

This phrase is used to indicate the finalization or conclusion of the financial year, often in the context of financial reporting or accounting.

Examples:

The closure of the financial year is marked by the submission of annual reports.
We need to prepare for the closure of the financial year to ensure all accounts are in order.
The closure of the financial year allows us to assess our financial performance over the past year.
The closure of the financial year is a critical time for financial planning and analysis.
The closure of the financial year involves auditing and reconciling financial records.

Show examples from the web [+]

Oct 22, 2015 ... directors and Key managerial personnel as on the closure of financial year and changes if any. 16, Remuneration of directors and key ...
Sep 15, 2015 ... Register of Director; DIR-12,. Nature of Cessation. (after closure of Financial Year if an Date of Appointment/ Change in designation / Cessation.
articles of association of a company. (iii) An interim dividend is declared by the Board of directors at any time before the closure of financial year, whereas a final.
Sep 13, 2015 ... Register of Member. Date of Cessation. (after closure of Financial Year if any). Between 31.03.2015 to Date of finalization of Annual Return.

Alternatives:

end of financial year
conclusion of financial year
completion of financial year
finish of financial year

This phrase is correct and commonly used to refer to the end or completion of the financial year.

"close of financial year"

This phrase is used to indicate the finalization or conclusion of the financial year, often in the context of financial reporting or accounting.

Examples:

The close of the financial year is approaching, and we need to prepare our financial statements.
We are getting ready for the close of the financial year to ensure all financial transactions are recorded.
The close of the financial year marks the deadline for submitting annual financial reports.
The close of the financial year is a busy time for accountants and financial analysts.
The close of the financial year signals the beginning of the new fiscal year.

Show examples from the web [+]

Part 5: Year end reports and close of financial year. Overview. Making business life easier - the AccountRight for Accountants is a 5 part series that provides ...
LLPs in India must file its Annual Return within 60 days from the end of close of financial year and Statement of Account & Solvency within 30 days from end of ...
Jun 8, 2015 ... TRADING UPDATE ON CLOSE OF FINANCIAL YEAR ENDED 31 MAY 2015. Following the close of its 2014/15 financial year Games ...
Purpose of the eForm. Every foreign company shall prepare and file annual return of the company in eForm FC-4 within. 60 days from the close of financial year.

Alternatives:

end of financial year
conclusion of financial year
completion of financial year
finish of financial year

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closure of financial year vs close of financial year