Fiscal Year Definition

Below please find a definition of “Fiscal Year”

Financial Analysis Training & Glossary TermsFiscal Year: A twelve month accounting period during which companies calculate their financial statements is termed as a fiscal year. It is not necessary for a fiscal year to run from January through December. Fiscal year varies from country to country and from business to business. It is very common for a firm to budget its expenses over a twelve month period and this period is the fiscal year for that company.

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