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| English | Danish |
| calendar year | kalenderår (An accounting period running from January 1 to December 31) |
| fiscal year | regnskabsår (A span of time during which the financial activities of an organization are calculated. A fiscal year is divided into fiscal periods, typically defined as semesters, quarters, or months. The organization determines the dates that begin and end its fiscal year, which may not correspond to a traditional calendar year) |
| year-end closing | ultimo ved årsafslutning (An accounting process that occurs at the end of the fiscal year and is used to transfer the balances of the temporary owners' equity accounts to the permanent owners' equity account, to carry forward closing account balances from one accounting period to opening account balances in the subsequent accounting period, and to generate financial statements) |