What is fiscal year?

Fiscal 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 (that is, 1 January to 31 December). Fiscal years vary between businesses and countries. The "fiscal year" may also refer to the year used for income tax reporting.

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Some articles on fiscal year:

Project AGILE - Coverage - Subproject VII - OCONUS and CONUS Test Programs
... up" wrote that, The test program, which began in fall 1962 and which was funded at least through fiscal year 1963, was considered by the Chemical Corps to be “an ambitious one.” The ... to a significant increase in research dollars in fiscal year 1962 to conduct additional research in these areas ... and anti-crop activities in Southeast Asia.” By the end of fiscal year 1962, the Chemical Corps had let or were negotiating contracts for over one thousand ...
Aurubis - Production
... Fiscal year 2010/11 The good raw material supply ensured high capacity utilisation of the production plants during the entire fiscal year ... a total of 2,057,000 t of concentrates (2,063,000 t in the prior year) were processed at the Hamburg and Pirdop sites ... At 934,000 t (932,000 t in the prior year), the cathode output increased again ...
Chinese Financial System - Fiscal Year
... China's fiscal year follows the calendar year (January 1 to December 31). ...
Fiscal Year - Tax Year
... The fiscal year for individuals and entities to report and pay income taxes is often known as the taxpayer's tax year or taxable year ... Taxpayers in many jurisdictions may choose their tax year ... United States, Canada, Switzerland), state/provincial/cantonal tax years must be the same as the federal year ...
Aurubis - Financial Situation and Capital Expenditure
... Fiscal year 2010/11 The good business performance had a positive effect on the IFRS gross cash flow, which at € 792 million was € 280 million up on the prior-year value ... about € 53 million below the comparable prior-year value ... which was € 333 million above the prior-year value ...

Famous quotes containing the word year:

    Still let my tyrants know, I am not doomed to wear
    Year after year in gloom, and desolate despair;
    A messenger of Hope comes every night to me,
    And offers for short life, eternal liberty.
    Emily Brontë (1818–1848)