Hello Sir,
Just a quick clarification, if lets say financial year 2013/14, would say it as FY 2013 OR FY 2014?
Thanks
Ask the Tutor ACCA TX-UK
Financial Year
FY 14.
You need to read the OT course notes chapter 15 section 1.2 and preferably listen to the lectures.
There is no Financial Year 2013/14 - this is a tax year used for individuals - there is as you say FY 2013 and FY 2014 which run from April 1 to March 31 and are denoted by reference to the year in which they START so that FY 2013 runs from April 1 2013 to March 31 2014
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