IT Financials Glossary

Financial year (FY)

Posted in Accounting by mgentle on August 26, 2010

Financial year (FY): the annual 12-month period over which a company does business, which may or may not coincide with the calendar year of January to December. The financial year is divided into 12 fiscal periods and 4 quarters.

At the end of each quarter, publicly traded companies publish their quarterly results, and at the end of the financial year close their books and declare their financial results.

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One Response

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  1. Fiscal period said, on April 5, 2011 at 15:36

    […] period: see Financial Year. Filed Under: Accounting […]


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