fy (Q104426)
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Utilities for Financial Years
Language | Label | Description | Also known as |
---|---|---|---|
English | fy |
Utilities for Financial Years |
Statements
12 September 2023
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In Australia, a financial year (or fiscal year) is the period from 1 July to 30 June of the following calendar year. As such, many databases need to represent and validate financial years efficiently. While the use of integer years with a convention that they represent the year ending is common, it may lead to ambiguity with calendar years. On the other hand, string representations may be too inefficient and do not easily admit arithmetic operations. This package tries to make validation of financial years quicker while retaining clarity.
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