Fiscal year,

Definition of Fiscal year:

1. UK: Twelve-month period covered by the governments yearly budget. Also called a tax year.

2. A year as reckoned for taxing or accounting purposes.

3. USA: Alternative term for financial year.

How to use Fiscal year in a sentence?

1. At the end of the fiscal year , the company had to inventory all of its merchandise to prepare for the new year.
2. The companys stock price rose to record levels after they reported earnings 20% over analysts estimate at the end of their fiscal year.
3. The firm is expected to turn a profit for its fiscal year ending April 30.
4. It was very important to close the sale of their biggest client this week, before the fiscal year was over and a new one began.

Fiscal Year

The UK tax year runs from April 6-5. The US fiscal year runs from October 1 to September 30.

Of 12 consecutive months chosen by the company as REPORTS, whether or not a calendar year. Fixed assets All fixed assets with a useful life of more than one year that are used in the development of the company's activities.