The forecast year-end date used in the model is which of the following?

• A. 1/31/2023
• B. 12/31/2022
• C. 2/1/2023
• D. 1/30/2023

Answer: (A)

Forecast year-end date marks the last date of the projected year and should align with the company’s fiscal year end or the model’s chosen convention. When a model uses a fiscal year that ends on January 31, the forecast covers the full year ending on January 31, 2023, making that date the correct forecast year-end. This ensures consistency across the projected financial statements for a complete fiscal year. Dates like December 31, 2022 would reflect a calendar year end and wouldn’t match a January 31 fiscal year end; February 1, 2023 would extend into the next period; and January 30, 2023 isn’t the official year-end date. Hence, the forecast year-end date used is January 31, 2023.