Definition of fiscal year
: an accounting period of 12 months
- Trending Now: More Trending:
- asylum insubordinate promulgate epochal clemency
- ALL
What's Trending Now
More Trending Words
Examples of fiscal year in a Sentence
Sales were up in the last fiscal year.
Our fiscal year runs from October 1 to September 30.
Recent Examples of fiscal year from the Web
-
It then is projected to go up incrementally to $32.7 million in fiscal year 2019, $35.3 million in 2021 and $38.1 million in 2023, according to the payout projection range confirmed by WSU officials.
-
It then is projected to go up incrementally to $32.7 million in fiscal year 2019, $35.3 million in 2021 and $38.1 million in 2023, according to the payout projection range confirmed by WSU officials.
-
Of that, Boohoo generated 374.1 million pounds for fiscal year 2018, ahead 32 percent from the prior year.
-
The Department of Revenue has estimated sales would exceed $24 million in fiscal year 2018, which spans last July through this June but wouldn’t count sales in the few days around Independence Day.
-
Mayor Ron Morrison and council members wrangled over the funding for the chamber during two special meetings held in May to discuss the budget for fiscal year 2019, which includes a $3.7 million to $4.5 million deficit.
-
It will be received over the next three years, from fiscal years 2018 to 2020.
-
The contract is projected to cost the university $1.5 million in fiscal year 2019, $3.5 million in 2020, $4.6 million in 2021, and $5.6 million in 2022.
-
Mazzei said the tax division is on track to reach its forecast of $9.2 million in cannabis taxes for fiscal year 2018, which ends June 30.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'fiscal year.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of fiscal year
1843
Financial Definition of FISCAL YEAR
fiscal year
What It Is
A fiscal year is an accounting period of 365(6) days that does not necessarily correspond to the calendar year beginning on January 1st. The fiscal year is the established period of time when an organization's annual financial records commence and conclude.
How It Works
A company's fiscal year will always reflect the date of the calendar year in which it ends. For example: The financial operations of the federal government are carried out in a fiscal year that begins on October 1 and ends on September 30. Therefore the government's fiscal year for 2008 would begin on October 1, 2007 and end on September 30, 2008.
Why It Matters
The key thing to remember is that a fiscal year doesn't necessarily correspond with the calendar year. Although it may not seem like very important, when a company starts its fiscal year can have an impact on its fundamental analysis. This is especially true of cyclical companies.
Consider a retailer that has an incredible first quarter. An investor may look at that company and think it will probably post even higher earnings during the end of the year, during the holiday season. However, if that company started its fiscal year in September, then its first quarter earnings will have already encompassed the higher sales that accompany the holiday shopping season, and the remaining three quarters will most likely be a little lower.
Source: Investing Answers
FISCAL YEAR Defined for English Language Learners
fiscal year
Definition of fiscal year for English Language Learners
-
: a 12-month period used by a government, business, or organization to calculate how much money is being earned, spent, etc.
Law Dictionary
Learn More about fiscal year
Seen and Heard
What made you want to look up fiscal year? Please tell us where you read or heard it (including the quote, if possible).
