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Fiscal Year - FY
       
 
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Fiscal Year - FY

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Fiscal Year - FY
Any 12-month period that a company uses for accounting purposes.
    
The fiscal year may or may not be the same as a calendar year. A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation require such reports once per twelve months, but do not require that the period reported on constitutes a calendar year (i.e., January through December). Fiscal years vary between businesses and countries.
Posted by  LISA Life Insurance Settlement Association
 
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