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fiscal year

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 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 from July 1 to June 30.



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[Billions of dollars] Total Fiscal year Surplus or or period Receipts Outlays deficit (-) 1992 1,091.
The Service had 959 employees in the PCES during fiscal year 2000 and 867 PCES employees during fiscal year 2007.
If a fiscal year is permitted under the business purpose exception, no deposits are required to maintain a noncalendar year.
 
 
 
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