What is Fiscal Year?
A definition of Fiscal Year
“A fiscal year is a 12-month period used by businesses and governments for financial reporting and budgeting.”

Business Glossary > What is Fiscal Year?
Examples of Fiscal Year in a Sentence:
Many companies end their fiscal year in December.
The fiscal year for the government starts in October.
Our fiscal year aligns with the calendar year.
Why is Fiscal Year Important in Business?
Understanding a fiscal year is crucial for financial planning, audits, and tax purposes. It helps in comparing fiscal periods and managing budgets effectively. Businesses often choose a fiscal year that aligns with their operational cycles.
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Associated Terms
Here are some associated business terms and synonyms for “Fiscal Year”:
- Financial Year
- Accounting Year
- Tax Year
Apple Inc. Fiscal Year
Apple Inc.’s fiscal year ends in September. This scheduling allows them to align their financial reporting with their product launch cycle, which often includes significant new product announcements in September.
Final Notes on Fiscal Year
When planning for changes or adjustments, companies must consider the timing of their fiscal year to ensure a smooth transition and accurate financial reporting.
This has been a definition of Fiscal Year meaning.
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