accounting
fiscal year
A 12-month period used by governments and businesses for accounting and budget purposes, which may or may not align with the calendar year.
Example
"Apple's fiscal year ends in September, not December like the calendar year."
💡 Memory Tip
FISCAL YEAR = the financial YEAR. Companies choose when their year starts — doesn't have to be January.
Etymology
Fiscal (relating to public finances) + year — the financial year of a business or government.
Common Misspellings
fiscal yeerfiscal yrfical yearfiskal year
Related Terms
See Also
accountingquarterly earnings