Exam ADM-201 topic 1 question 161 discussion

From Agentforce The standard fiscal year in Salesforce follows the Gregorian calendar year but allows organizations to start their fiscal year on the first day of any month they choose. This means that while the fiscal year aligns with the calendar year, the starting month can be customized according to the organization's financial planning needs. For example, if a company sets its fiscal year to begin in September, the fiscal year would run from September of one year to August of the following year. The fiscal year number can be designated based on either the calendar year of the starting month or the ending month.

The correct answer is B. False. Here’s why: Standard Fiscal Years in Salesforce follow the Gregorian calendar, but they always start on January 1st and end on December 31st. The fiscal year in this case is fixed and follows the standard calendar year. However, Custom Fiscal Years in Salesforce allow you to set a fiscal year that starts on the first day of any month. Custom fiscal years give more flexibility to align your fiscal periods with the company's financial year, which may not always align with the Gregorian calendar. Conclusion: The statement is False because Standard Fiscal Years in Salesforce always follow the Gregorian calendar and start on January 1st. The ability to start fiscal years on any month is only available for Custom Fiscal Years.