A fiscal year is a continuous 12-month period used for financial reporting that starts on any date after January 1st and ends one year later, distinct from the calendar year.
The term Fiscal Year (FY) is used in business and finance to signify a one-year period chosen for accounting and financial reporting purposes. Unlike the calendar year that runs from January 1 to December 31, a fiscal year can start and end on any dates as chosen by the organization.
