Definition of fiscal year
: an accounting period of 12 months
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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
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Helping to End Addiction Long-term, or HEAL — is made possible by Congress' $500 million boost in NIH funding, making for a total of $1.1 billion in fiscal year 2018.
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SOLANA BEACH The Solana Beach City Council met in special session Wednesday to discuss a draft work plan for fiscal year 2018-2019.
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For fiscal year 2018, the IRS’s funding rises slightly, to $11.4 billion.
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The omnibus bill boosted FAA funding for fiscal year 2018 to $17 billion, up from $16.4 billion in FY17, and included changes to air traffic controller hiring rules, aimed at addressing a shortage of workers.
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In December 2017, the board approved a 17.36 percent property tax levy increase, which meant the village would receive approximately $18.2 million for fiscal year 2018-2019.
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The omnibus bill adds $3.3 billion to address the opioid and mental health crisis in fiscal year 2018, with a focus on public health efforts.
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The agenda item said the purpose is to assist in, and provide public oversight of, the budget formulation process for fiscal year 2018-19.
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The money would replace the high-pressure air cylinder, pressure regulator and face piece that are connected to a backpack harness, according to a budget request for fiscal year 2018-2019.
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
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: a 12-month period used by a government, business, or organization to calculate how much money is being earned, spent, etc.
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