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fiscal year
(redirected from Financial quarter)

    Also found in: Financial, Wikipedia 0.04 sec.

fiscal year

A year as defined by a company or government for financial accounting purposes. A company can choose any 12-month period for its accounting year and in exceptional circumstances may determine a longer or shorter period as its fiscal year. It does not necessarily coincide with the calendar year.

For the US government, the budget year runs from 1 October to 30 September. For businesses and financial institutions, it generally runs July 1 to June 30.
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He also recommends that legal expenses be reserved for each financial quarter, and that special attention to paid to "discovery" issues that could prompt a settlement.
From the editor by Marshall, Jeffrey / Financial Executive
Eugene-based Summit Bank is in the black less than two years after beginning operations and one financial quarter before its target date for turning a profit.
Summit Bank turns profit ahead of target by The Register-Guard (Eugene, OR)
7 million increase in its unrestricted general fund from the previous financial quarter, officials said Wednesday.
COFFERS SWELL WITH FUNDS AT COLLEGE DISTRICT by Daily News (Los Angeles, CA)
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