fiscal year

fiscal year
( FY)
Accounting period covering 12 consecutive months over which a company determines earnings and profits. The fiscal year serves as a period of reference for the company and does not necessarily correspond to the calendar year. Bloomberg Financial Dictionary
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The tax year by reference to which an individual's personal tax liability for income tax and capital gains tax is calculated. It runs from 6 April one year to 5 April the next year and is denoted by both years in which it falls. For example, the fiscal year 1998/99 starts on 6 April 1998 and ends on 5 April 1999. Dresdner Kleinwort Wasserstein financial glossary

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fiscal year fiscal year ➔ year

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   The accounting year for a government or a company, often starting in either January or April.

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fiscal year UK US noun [C] (ABBREVIATION FY)
► ACCOUNTING a period of 12 months for which a company prepares its accounts: »

He expects earnings for the fiscal year ending next March to rise to 45 to 50 cents a share.

→ Compare FINANCIAL YEAR(Cf. ↑financial year)
► ECONOMICS, GOVERNMENT a period of 12 months for which a government records its income and spending: »

More than two weeks into the new fiscal year, the state at last has a spending plan.

 fiscal year 2011/2012/2013, etc. »

The Office of Management and Budget has released the federal budget for fiscal year 2011.


Financial and business terms. 2012.

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Look at other dictionaries:

  • fiscal year — n: an accounting period of 12 months Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. fiscal year n. A twelve month period used by a bus …   Law dictionary

  • fiscal year — fiscal years N COUNT: usu sing, usu with supp The fiscal year is the same as the financial year. ...the budget for the coming fiscal year …   English dictionary

  • Fiscal year — Year Year, n. [OE. yer, yeer, [yogh]er, AS. ge[ a]r; akin to OFries. i?r, g?r, D. jaar, OHG. j[=a]r, G. jahr, Icel. [=a]r, Dan. aar, Sw. [*a]r, Goth. j?r, Gr. ? a season of the year, springtime, a part of the day, an hour, ? a year, Zend y[=a]re… …   The Collaborative International Dictionary of English

  • fiscal year — n 1.) the 12 month period used by governments to calculate spending and how much tax a person or business must pay last/current/coming/next fiscal year 2.) AmE the 12 month period over which a company calculates its profits or losses British… …   Dictionary of contemporary English

  • fiscal year — ☆ fiscal year n. a twelve month period between settlements of financial accounts: the U.S. government fiscal year legally ends September 30 …   English World dictionary

  • fiscal year —  Year for accounting purposes, not necessarily beginning in January. The U.S. government’s fiscal year runs from October 1 through September 30 …   American business jargon

  • fiscal year — noun count * a period of twelve months that a business uses to calculate how much profit it has made and how much tax it owes …   Usage of the words and phrases in modern English

  • Fiscal year — A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ( yearly ) financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation… …   Wikipedia

  • Fiscal Year - FY — 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 calendar year. For tax purposes, companies can choose to be calendar year taxpayers or fiscal… …   Investment dictionary

  • fiscal year — In the UK, the year beginning on 6 April in one year and ending on 5 April in the next year. The 2005–06 fiscal year therefore runs from 6 April 2005 to 5 April 2006. Income tax, capital gains tax, and annual allowances for inheritance tax are… …   Accounting dictionary

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