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What does fiscal year ending mean?

A financial year-end is often referred to as a fiscal year-end. This is the date that ends a one-year period for tracking business finances. In other words, it is the annual accounting period. This means rather than financial reporting from January 1-December 31 you use a different date range to span a 12-month period.

What does FY year stand for?

Fiscal year is abbreviated as FY. For reporting purposes, it is usually combined with the specific year, for example as FY 2015 or FY15.

Is it fiscal year 2022 or 2023?

The current fiscal year, FY 2022, ends on Sept. 30, 2022. FY 2023 starts Oct. 1, 2022, and ends Sept.

Is FY full year or fiscal year?

A Fiscal Year (FY), also known as a budget year, is a period of time used by the government and businesses for accounting purposes to formulate annual financial statements and reports. A fiscal year consists of 12 months or 52 weeks and might not end on December 31.

Is fiscal year the start or end of the year?

Key Takeaways. Fiscal year-end refers to the completion of a one-year, or 12-month, accounting period. If a company has a fiscal year-end that is the same as the calendar year-end, it means that the fiscal year ends on Dec. 31.

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