Definition of fiscal year in English English dictionary
An accounting period of one year, not necessarily coinciding with the calendar year
New York State has rarely had an approved budget by the beginning of its April 1 fiscal year.
A 12-month accounting period For the State of Illinois, the fiscal year begins July 1 and ends June 30 of the following year
The yearly accounting period for the federal government which begins October 1 and ends on the following September 30 The fiscal year is designated by the calendar year in which it ends (e g , FY 94 is from October 1, 1993 to September 30, 1994)
1 For the FEDERAL government, denotes the yearly federal accounting period beginning October 1 and ending September 30 of the subsequent calendar year However, prior to FY 77, the federal fiscal year started on July 1 and ended the following June 30 NOTE: Fiscal years are denoted by the calendar year in which they end: e g , federal Fiscal Year 1997 began October 1, 1996, and ended September 30, 1997
The 12-month period used in accounting for the receipt and expenditure of funds from the U S Treasury The Government operated on a calendar fiscal year basis from 1789 through 1842 A separate report was issued for the first six months of 1843 Thereafter, the fiscal year was defined as July 1 to the following June 30 for the years from 1843 through 1975 The 1976 fiscal year began July 1, 1975, but did not end until September 30, 1976 The 1977 fiscal year and all succeeding fiscal years began on October 1 and continued through the following September 30
The fiscal year in the Federal Government accounting period begins October 1 of a given year and ends September 30 of the following year; thus, fiscal year 1994 began on October 1, 1993, and ended September 30, 1994 See also Volume XLIV
A twelve month period by which financial planning and accounting is done The fiscal year for Missouri state government begins July 1 of each year and is referred to by the number of the calendar year in which it ends
A yearly accounting period The federal government's fiscal year begins October 1 and ends September 30 Fiscal years are designated by the calendar years in which they end--for example, fiscal year 2001 begins October 1, 2000 and ends on September 30, 2001 [Back to top]
A 12-month period for which an organization plans the use of its funds This period may be a calendar year but can be any 12-month period A fiscal year accounting period should normally coincide with the natural operating cycle of the organization If an organization files an IRS Form 990, it is required to define its accounting period on Line A at the top of the form
Accounting period covering 12 consecutive months over which a company determines earnings and profits The fiscal year serves as a period of reference for the company and does not necessarily correspond to the calendar year
Financial operations of the government are carried out in a 12-month accounting year, beginning on October 1 and ending on September 30 The fiscal year carries the date of the calendar year in which it ends and is referred to as FY
a financial term referring to any twelve-month period, usually to set a budget The federal government's fiscal year begins October 1
The federal government's annual accounting period Financial operations of the government are carried out in a 12-month accounting year, beginning on October 1 and ending on September 30 The fiscal year carries the date of the calendar year in which it ends and is referred to as FY; for example, fiscal year 2001 begins on October 1, 2000 and ends on September 30, 2001
The time period designated as the beginning and ending period for recording financial transactions The federal fiscal year begins on October 1st and ends on September 30th The California fiscal year is July 1st to June 30th A grant can be for one of these annual periods, for a calendar year, or any other time defined by the funding sources
A company's business year, usually a 12-month accounting period which does not necessarily correspond to the calendar year Meredith's fiscal year is July 1 through June 30
The period used for budgeting and accounting In Hawaii State government, this period is from July 1 of one calendar year to June 30 of the next calendar year
A 12 month accounting period that may not coincide with the calendar year For the State of Michigan, the fiscal year begins October 1 and ends September 30 The year's title comes from the date that it ends, thus the fiscal year beginning October 1, 1999 and ending September 30, 2000 is fiscal year 2000
Any yearly accounting period, regardless of its relationship to a calendar year The fiscal year for the federal government begins on October 1 of each year and ends September 30 of the following year; it is designated by the calendar year in which it ends (A Glossary of Terms Used in the Federal Budget Process, GAO, 1993)
A corporation's accounting year Due to the nature of their particular business, some companies do not use the calendar year for their bookkeeping A typical example is the department store that finds December 31 too early a date to close its books after the Christmas rush For that reason many stores wind up their accounting year January 31 Their fiscal year, therefore, runs from February 1 of one year through January 31 of the next The fiscal year of other companies may run from July 1 through the following June 30 Most companies, though, operate on a calendar year basis
For Medicare, a year-long period that runs from October 1st through September 30th of the next year The government and some insurance companies follow a budget that is planned for a fiscal year
Yearly accounting period, without regard to its relationship to a calendar year (The fiscal year for the U S Government begins October 1 and ends September 30 )
The fiscal year is the same as the financial year. the budget for the coming fiscal year. A 12-month period for which an organization plans the use of its funds
This is a period of 12 consecutive months without regard to the calendar year The fiscal year is designated by the calendar year in which it ends TIP projects are organized by fiscal year and follow the federal fiscal year -- October 1 to September 30
yearly period at the end of which financial condition is assessed, twelve month accounting period
A twelve month accounting period used by the Federal Government that goes from October 1st to September 30th Currently, the Government is in FY02, which goes from October 1, 2001 to September 30, 2002
A 12-month period at the end of which accounts are reconciled The fiscal year for state agencies in Texas begins on September 1 of each year and ends on August 31 of the following year
An accounting period of twelve months The fiscal year for Oregon state agencies spans from 1 July through 30 June of the next calendar year The federal government fiscal year extends from 1 October through 30 September of the following calendar year
The 12-month period that a corporation or government uses for bookkeeping purposes A company's fiscal year is often, but not necessarily, the same as the calendar year A seasonal business will frequently select a fiscal rather than a calendar year so that its year-end figures will show it in its most liquid condition, which also means having less inventory to verify physically The fiscal year of the U S government ends September 30 Abbreviated as FY BACK TO TOP