Exchange Currency

fiscal year

A 12-month period over which a company budgets its spending. A fiscal year does not always begin in January and end in December; it may run over any period of 12 months. The fiscal year is referred to by the date in which it ends. For example, if a company's fiscal year ends October 31, 2006, then everything between November 1, 2005 and October 31, 2006 would be referred to as FY 2006. Not using the actual calendar year gives many companies an advantage, allowing them to close their books at a time which is most convenient for them.

Related information about fiscal year:
  1. Fiscal year - Wikipedia, the free encyclopedia
    A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements in businesses and other ...
     
  2. U.S. Senate: Reference Home > Glossary > fiscal year
    fiscal year - The fiscal year is the accounting period for the federal government which begins on October 1 and ends on September 30. The fiscal year is ...
     
  3. What is fiscal year? definition and meaning
    Definition of fiscal year: A 12-month period over which a company budgets its spending. A fiscal year does not always begin in January and end in December; ...
     
  4. Fiscal Year (FY) Definition | Investopedia
    A period that a company or government uses for accounting purposes and preparing financial statements. The fiscal year may or may not be the same as a ...
     
  5. Fiscal Year - US Economy - About.com
    A Fiscal Year can start in any quarter. Find out why companies and the U.S. government use fiscal, rather than calendar, years. See when each Federal Fiscal ...
     
  6. Tax Years
    Aug 2, 2012 ... Fiscal year - A fiscal tax year is 12 consecutive months ending on the last day of any month except December. A 52-53-week tax year is a fiscal ...
     
  7. Fiscal Year Definition & Example | InvestingAnswers
    We explain the definition of Fiscal Year, provide a clear example of how it works and explain why it's an important concept in business, finance & investing.
     
  8. How to Choose a Calendar or Fiscal Year | Inc.com
    You've probably noticed that not every business closes its books on December 31. Here's what goes into deciding on a financial reporting period.