fiscal yearfiscal year
(plural fiscal years)
- (accounting) 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
- Some businesses use a fiscal year of 52 weeks in most years, 53 weeks about every fourth year.
fiscal year - Investment & Finance Definition
The 12-month period that a corporation uses to report its financial results; a company’s fiscal year does not necessarily correspond to the calendar year. Companies choose their own fiscal year over using a calendar year when it is to their advantage.