Fiscal year means the completion of a one-year, or 12-month, accounting period. A firm's fiscal year-end does not necessarily need to fall on December 31, and can actually fall on any day throughout the year depending on what day the accounts were opened.
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what does fiscal year mean
any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.
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...