The Definition of Fiscal Year: How to Determine a Fiscal Year
Written by MasterClass
Last updated: Aug 13, 2021 • 3 min read
The fiscal year covers a 12-month period over which a business does its accounting, which may or may not align with the tax year. Companies use fiscal years for their budget process, for tax filing, and for other accounting purposes. Read on to learn more about how companies determine their fiscal years.