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financial year

 

Definitions from WordNet

Noun financial year has 1 sense
  1. fiscal year, financial year - any accounting period of 12 months
    --1 is a kind of year, twelvemonth, yr

Definitions from the Web

Financial Year

Definition

A financial year (also known as a fiscal year or accounting year) is a specific 12-month period used by businesses and organizations to calculate and report their financial activities. It is used for various financial purposes, such as budgeting, tax assessment, and financial statement preparation.

Usage

As a Noun:

1. The financial year of most companies ends on December 31st.

2. The organization's financial year runs from April to March, aligning with the government's fiscal timeline.

As an Adjective:

1. The company witnessed a financial year profit of 20%.

2. Our annual financial year report will be presented tomorrow.

Related Products

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