When does the fiscal year end for the gap?

The fiscal year for Generally Accepted Accounting Principles (GAAP) does not have a fixed end date, as it can vary depending on the organization. However, many companies in the United States choose to align their fiscal year with the calendar year, ending on December 31. Others may select a different fiscal year ending on dates such as June 30 or September 30, depending on their operational needs and reporting requirements. Ultimately, it's determined by each individual entity.