Question 2: Many universities have a fiscal year which ends during the summer, both to align the fiscal year with the ________, and because the school is normally less busy during the summer months.
Question 4: A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements in ________ and other organizations.
Question 5: and ________), with consolidating entries to adjust for transactions between units with different fiscal years, so the same resources will not be counted more than once or not at all.