Moffitt Cancer Center David W. Larson, MD, MBAÂ¶ Mayo Clinic Cancer Center Audrey J. Lazenby, MD â  Fred & Pamela Buffett Cancer Center Patrick M. Lynch, MD, JD Â¤ The University of Texas MD Anderson Cancer Center Robert J. Mayer, MD â  Ã Dana-Farber/Brigham and Womenâs Cancer Center Reid M. Ness, MD, MPH Â¤ Vanderbilt-Ingram Cancer Center M. Sambasiva Rao, MD â  Â¤ Robert H. Lurie Comprehensive Cancer Center of Northwestern University
Loading the player... A fiscal year (FY) is a period that a company or government uses for accounting purposes and preparing financial statements. A fiscal year may not be the same as a calendar year, and for tax purposes, the Internal Revenue Service (IRS) allows companies to be either calendar-year taxpayers or fiscal-year taxpayers.
Fiscal Year. In finance, a fiscal year is a 12-month period that ends on the last day of any month except December. A fiscal year may end on April 30, for instance.Such a fiscal year would start on May 1 of the previous year, since it must cover 12 full consecutive months.For instance, the fiscal year of a firm that has ended on April 30, 2012, would have begun on May 1, 2011. To find the start date of a fiscal year, add one day to the end date and then go back a full year.ost businesses use the calendar year for financial calculations. If such a firm refers to its 2012 full-year profits, for example, it is talking about the total money it has earned between January 1, 2012, and December 31, 2012.