Cloud Kicks wants its reports to show a Fiscal Year that starts on February 1 and has 12 months. How should the administrator address this requirement?

Setting the Fiscal Year to 'Custom' is used for non-standard fiscal periods (e.g., 13 periods, varying quarter lengths), which does not align with the requirement for a 12-month duration.

Choosing 'Custom' fiscal year indicates a non-standard structure, and while 4 quarters is standard, this option incorrectly implies a non-standard fiscal setup for a simple start month change.

While setting the Fiscal Year to 'Standard' and duration to 12 months is correct in principle, this option is incomplete as it doesn't specify how to change the *starting month* of the fiscal year, which is a key part of the requirement.

To configure a standard 12-month fiscal year that begins on a specific month like February, the administrator should set the Fiscal Year to 'Standard' and then select February as the starting month.