fiscal year - Hutchinson encyclopedia article about fiscal year Printer Friendly
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fiscal year

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.06 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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? Mentioned in ? References in periodicals archive
 
today announced a summary of automobile production, domestic sales, and export results for the fiscal year ended March 31, 2006, (Fiscal Year 2006) as well as for the month of March.
IRS consent to adopt a fiscal year is required only if the individual later wants to change the selected tax year.
Portola" or the "Company") today reported results for its first quarter of fiscal year 2007, ended November 30, 2006.
 
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