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14 Definitions

Fiscal Year

For Fiscal Year we have terms and definitions in 14 topics. The topics are Accounting, Accounting Terms, Advocacy, Citizenship, College, Congressional, Energy, Environment, Financial Modeling, Parliamentary Procedure, Politics, Soviet Union, Tax and World Fact Book.



Fiscal Year (Accounting)

is the declared accounting year for a companybut it is not necessarily in conformance to a calendar year (January through December). Howeverit does cover twelve months52 weeks365 days. For examplethe U.S. government fiscal year ends September 30i.e. October 1 through September 30 is their fiscal or accounting year.


Fiscal Year (Accounting Terms)

Period of 12 consecutive months chosen by an entity as its ACCOUNTING period which may or may not be a calendar year. Fixed Asset - Any tangible ASSET with a life of more than one year used in an entity's operations.


Fiscal Year (Advocacy)

The calendar dates of the financial operations of the federal government. The current dates for the fiscal year are October 1 through Sept. 30.


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Fiscal Year (Citizenship)

Currently, the twelve-month period beginning October 1 and ending September 30. Historically, until 1831 and from 1843-49, the twelve-month period ending September 30 of the respective year; from 1832-42 and 1850-67, ending December 31 of the respective year; from 1868-1976, ending June 30 of the respective year. The transition quarter (TQ) for 1976 covers the three-month period, July-September 1976.


Fiscal Year (College)

The period from July 1 through June 30.


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Fiscal Year (Congressional)

The federal government’s annual accounting period. Financial operations of the government are carried out in a 12-month accounting year, beginning on October 1 and ending on September 30. The fiscal year carries the date of the calendar year in which it ends and is referred to as FY; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. (From fiscal year 1844 to fiscal year 1976, the fiscal year began July 1 and ended the following June 30.) See Title 31 U.S.C. Section 1102.


Fiscal Year (Energy)

The U.S. Government's fiscal year runs from October 1 through September 30. The fiscal year is designated by the calendar year in which it ends; e.g., fiscal year 2002 begins on October 1, 2001 and ends on September 30, 2002


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Fiscal Year (Environment)

A financial term referring to any twelve-month period, usually to set a budget. The federal government's fiscal year begins October 1.


Fiscal Year (Financial Modeling)

The twelve month period a company uses to plan, budget, and report its business. A company's fiscal year may start on the first of any month, ending the last day of the twelfth month following, typically labeled as "For the Year Ending June 30, 2004."


Fiscal Year (Parliamentary Procedure)

(exercice) - The twelve month period, from April 1 to March 31, used by the Government for budgetary and accounting purposes.


Fiscal Year (Politics)

365-day period, begining October 1st and ending September 30th, which defines the beginning and end of the federal government's annual budgetary cycle.


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Fiscal Year (Soviet Union)

A one-year period for financial accounting purposes, which can coincide with the calendar year (as it did in the Soviet Union).


Fiscal Year (Tax)

A period of one year for which financial statements are prepared that may or may not coincide with the calendar year. Any twelve-month period used by a business as its accounting period.


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Fiscal Year (World Fact Book)

This entry identifies the beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).




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