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Exam ADM-201 topic 1 question 161 discussion

Actual exam question from Salesforce's ADM-201
Question #: 161
Topic #: 1
[All ADM-201 Questions]

Standard Fiscal Years are periods that follow Gregorian calendar, but can start on the first day of any month of the year.

  • A. True
  • B. False
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Suggested Answer: A 🗳️

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Priyanka1994
2 weeks, 3 days ago
Selected Answer: B
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.
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