A financial year is a period of twelve months, used by government, business, and other organizations in order to calculate their budgets, profits, and losses. Financial year is often used in business to compare with the calendar year.
[British, business]
...33,000 possible job losses in the coming financial year.
regional note: in AM, use fiscal year
financial year in British English
noun British
1.
any annual period at the end of which a firm's accounts are made up
2.
the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year
US and Canadian equivalent: fiscal year
financial year in Accounting
(faɪnænʃəl yɪər)
noun
(Accounting: Basic)
A financial year is any annual period at the end of which a firm's accounts are closed.
The company's financial year ends June 30, 2012.
The company's net profits for the last financial year were just 2.72 percent of its sales.
A financial year is any annual period at the end of which a firm's accounts are closed.
Related wordsThe financial year and the fiscal year both mean the annual period at the end of which a firm's accounts are closed. Comparethese with the following:calendar yeartax year
Examples of 'financial year' in a sentence
financial year
The sale brought in 120m but came after the financial year ended.
Times, Sunday Times (2016)
Apparently the useless civil servants would put pressure on the minister to have a spending spree as the end of the financial year approached.
The Sun (2016)
City law firms' financial year ends came to a close last week.
Times, Sunday Times (2007)
It had expected to sell about two million in the whole financial year to the end of June.
Times, Sunday Times (2006)
It looks too soon to say, although the company will have a little more visibility by the financial year end.
Times, Sunday Times (2014)
The company books profits as it realises gains on investments and in the financial year to the end of March the calendar was especially cruel.
Times, Sunday Times (2013)
Only companies reporting turnover for financial years ending after September 2010 are included.
Times, Sunday Times (2012)
It is about six weeks off the end of its financial year, but the City seems largely unconcerned what the results might bring.
Times, Sunday Times (2014)
In other languages
financial year
British English: financial year /fɪˈnænʃəl jɪə/ NOUN
A financial year is a period of twelve months, used by government, business, and other organizations in order to calculate their budgets, profits, and losses.