Act No. 2305

: The fiscal year is defined as the period beginning on January 1 and ending on December 31 of each calendar year.
: The change took effect on December 19, 1913, upon the passage of the Act.
: Before this Act, the fiscal year ended on June 30.
: The fiscal year is made uniform for all branches of government and political subdivisions, aligning all fiscal years with the calendar year.
: All annual reports and statements required by law must be rendered as soon as practicable after January 1 of each year and cover the twelve months ending December 31 immediately preceding.
: Reports in January 1914 were to cover the six months from July 1, 1913, to December 31, 1913.
: Official copies must be filed in both Spanish and English.
: They must be filed with the Philippine Legislature by the Executive Secretary at the beginning of each regular session.
: They will be construed to refer to fiscal years ending on December 31 for periods after December 31, 1913.
: Yes, it repeals all Acts and parts of Acts inconsistent with its provisions.