Which term describes the year when the current active plan ends?

The correct term that describes the year when the current active plan ends is "End of Plan." This designation is important in the context of financial and operational planning, as it marks the conclusion of the planning cycle for the current year. The "End of Plan" indicates a transition period in the planning process, where organizations assess performance against their goals, prepare for audits, and start to formulate future plans based on the insights gained from the current active period.

In financial planning software and practices, recognizing the "End of Plan" year is crucial for accurate forecasting, budgeting, and alignment with strategic initiatives moving forward. Understanding this concept helps users effectively navigate through planning cycles and ensure that all necessary steps for a successful transition to the next plan year are taken.