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 simply means financial year , and is the calendar you use to figure your yearly budget, and which determines when you file tax forms, get audited, and close your books. There are many different fiscal years you can use. Businesses often use the calendar year -- January 1 to December 31.