Definition of Fiscal year:
UK: Twelve-month period covered by the governments yearly budget. Also called a tax year.
A year as reckoned for taxing or accounting purposes.
USA: Alternative term for financial year.
How to use Fiscal year in a sentence?
- At the end of the fiscal year , the company had to inventory all of its merchandise to prepare for the new year.
- The companys stock price rose to record levels after they reported earnings 20% over analysts estimate at the end of their fiscal year.
- The firm is expected to turn a profit for its fiscal year ending April 30.
- It was very important to close the sale of their biggest client this week, before the fiscal year was over and a new one began.
Meaning of Fiscal year & Fiscal year Definition