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
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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