fiscal year

USAGE SUMMARY

"fiscal year" is a correct and usable term in written English.
It is used to refer to the 12-month period that a company or government uses for accounting and budget purposes. For example, "For the 2019 fiscal year, the company experienced a net profit of $100 million."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Trials of this idea are currently under way, one of which should report next year.

The Economist

Last year, during David Cameron's trip to Beijing, the same paper announced that Britain was "just an old European country apt [that is, suitable] for travel and study".

The Guardian - Opinion

"They gave me their word a year ago and now I want them to honour that.

The Guardian - Sport

According to the Campaign for Better Transport (CBT), the cost of a Milton Keynes season ticket has risen 23.5%, or £930, since January 2010 and is one of a number of fares that have increased around four times more than average wages over this five-year period.

The Guardian

As a result, the country lost a further 21 positions in the policy evaluation compared to last year, thus replacing Canada as the worst-performing industrial country".

The Guardian

But this year is different.

The New York Times

It said that if automatic spending cuts go into force and all the Bush-era tax cuts expire, the nation would slip into recession next year and unemployment would rise to 9.1 percent, from October's rate of 7.9 percent.

The New York Times

The order book was down slightly at £3.6bn from the last update in June but well ahead of the £3.3bn reported this time last year.

The Guardian - Business

We are currently in the process of interviewing potential board members, and our goal is to add an additional independent member this year in order to regain our 4-star rating by 2013.

The Guardian

When the Labour leader said no, a lowing sound could be heard, the noise of an audience uniting in sceptical rejection of the man before them – a reminder that one of Miliband's greatest errors since 2010 was his failure to debunk the narrative that blames Labour profligacy for the country's fiscal troubles.

The Guardian

Downey, from County Donegal, had been charged with the murders of four soldiers who died in the Hyde Park bomb in 1982, after his arrest at Gatwick airport last year.

The Guardian

Expert writing Tips

Best practice

In international contexts, be mindful that the definition and timing of a "fiscal year" can vary significantly from country to country. Always clarify the specific "fiscal year" being referenced.

Common error

Avoid assuming that the "fiscal year" aligns with the calendar year. Many organizations have "fiscal years" that begin in months other than January.

Linguistic Context

The phrase "fiscal year" functions as a compound noun, typically serving as a subject, object, or modifier in sentences related to financial matters. It designates a specific 12-month period used for accounting and budgeting.

Expression frequency: Missing

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Ludwig's WRAP-UP

The term "fiscal year" is a compound noun used to denote a 12-month period dedicated to financial accounting and budgeting. As Ludwig AI specifies, it is grammatically correct and frequently used within business and financial contexts. While the examples are limited, the phrase is generally accepted and interchangeable with terms like "financial year" or "accounting year". Remember to clarify the specific start and end dates when using "fiscal year" to avoid any potential ambiguity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financial year

Synonymous with "fiscal year", often used interchangeably.

accounting year

Focuses on the accounting aspect of the year, rather than the budgetary.

annual accounting period

More descriptive, highlighting the yearly accounting cycle.

budget year

Emphasizes the budgetary aspect of the year.

12-month accounting period

Explicitly states the duration of the accounting period.

yearly accounting cycle

Emphasizes the cyclical nature of accounting on a yearly basis.

tax year

Specifically related to taxation and tax reporting.

period of account

Formal term referring to the timeframe for financial accounts.

reporting period

Broader term, not necessarily a full year.

financial period

General term for a period used for financial reporting.

FAQs

How do I use "fiscal year" in a sentence?

You can use "fiscal year" to specify the period for financial reporting, for example, "The company's annual report covers the 2024 fiscal year."

What is another way to say "fiscal year"?

Alternatives to "fiscal year" include "financial year", "accounting year", or "budget year", depending on the specific context.

What's the difference between a "fiscal year" and a calendar year?

A "fiscal year" is a 12-month period used for accounting purposes, which may not necessarily align with the calendar year (January 1 to December 31). Companies often choose a "fiscal year" that aligns with their business cycle.

Why is it important to define the "fiscal year"?

Defining the "fiscal year" is crucial for accurate financial reporting and budgeting. It ensures consistency and clarity when comparing financial performance across different periods.