Fiscal year

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Fiscal Year (FY) refers to a twelve-month period, often not parallel with the calendar year, over which a company budgets and records its spending and revenues.

Fiscal years are referred to by the their closing date: if a company's fiscal year ended in June of 2008, for instance, "FY08" or "FY2008" would be used to refer to the time from June 2007 to June 2008.

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