fiscal year (FY)
A 12-month accounting period for government, businesses, and other organizations. The fiscal year is divided into four three-month fiscal quarters and may or may not coincide with calendar year. The fiscal year for the U.S. government runs from October 1 to September 30. Publicly traded companies are required to file their form 10-K disclosing their financial condition to the Securities and Exchange Commission within 90 days of the close of their fiscal year. Common usage: FY06 represents a company's 2006 fiscal year. See Annual Report; fiscal quarter.
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