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 from July 1 to June 30. |
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