Fiscal Year

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Fiscal Year

 

a period of time used as a reference in accounting and in planning for enterprises and associations or for the national economy as a whole. Its duration is 12 months, but the date on which it begins may vary.

In capitalist countries the fiscal year for industry coincides with the calendar year, but for agriculture the fiscal year is determined by the period of the agricultural year. In the USSR the fiscal year, as a rule, ran from October to September 30 during the period from September 1921 to September 1930. A decree of the Central Executive Committee of the USSR of Sept. 20, 1930, established the fiscal year for periods from January 1 to December 31. For animal husbandry in the USSR the fiscal year, beginning in 1953, ran from October 1 to September 30, but in 1957 the beginning of the fiscal year was again transferred to January 1 of the corresponding year.

References in periodicals archive ?
Using an estimate of Kroger's premerger results for the 1998 period (adjusted to reflect the fiscal calendar change and 12 weeks of operations), management reports that fourth quarter earnings before onetime items would have advanced approximately 26% -- matching the growth for the full year.
6) The comparability of the quarter ended October 1, 2009 to the quarter ended September 25, 2008 was impacted by a shift in our quarterly fiscal calendar, which resulted in the traditionally robust attendance week leading up to July 4th being included in the Q3 2008 period, but not the Q3 2009 period.
Since West Marine's sales typically build week-over-week leading up to the peak of boating season, the fiscal calendar shift from last year meant that there were fewer peak season days in the third quarter of this year, which negatively affected store sales year-over-year.
Adjusted for the impact of the fiscal calendar shift, net revenues improved by $3.
2%, because of a favorable fiscal calendar shift from fiscal year 2008.
2%, because the 53 weeks in fiscal 2008 resulted in a favorable fiscal calendar shift.
announced today it has completed its first half of fiscal calendar year 2009, crossing a key milestone in the sale of the VeinViewer([R]) - its vascular imaging product.
The third quarter of fiscal 2009 contained 91 selling days compared to 92 selling days in the third quarter of fiscal 2008 due to the Company's change to a weekly fiscal calendar in fiscal 2009 from a monthly calendar in fiscal 2008.
announced today it has completed the first half of the fiscal calendar year 2008 on an upward trend, with the total number of units sold surpassing all of 2007's total sales.
ADC will continue to report its quarterly financial results on the current fiscal calendar through the third quarter of 2009, which ends on July 31, 2009.