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Fiscal Year |
Also found in: Wikipedia, Hutchinson | 0.12 sec. |
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Fiscal year (FY) Accounting period covering 12 consecutive months over which a company determines earnings and profits. The fiscal year serves as a period of reference for the company and does not necessarily correspond to the calendar year.
Fiscal Year An accounting year ending on the last day of any month except December, or a 52-53 week tax year, which is a year that ends on the same day of the week (for example, the last Thursday of the month or on the Thursday that is closest to the end of the month). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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He also recommends that legal expenses be reserved for each financial quarter, and that special attention to paid to "discovery" issues that could prompt a settlement. Eugene-based Summit Bank is in the black less than two years after beginning operations and one financial quarter before its target date for turning a profit. 7 million increase in its unrestricted general fund from the previous financial quarter, officials said Wednesday. |
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