Difference between revisions of "Fiscal year"
Jump to navigation
Jump to search
Jazzman831 (talk | contribs) m (bold subject) |
Jazzman831 (talk | contribs) m (expanded to include general definition of fiscal year; added category) |
||
| Line 1: | Line 1: | ||
| − | + | A '''fiscal year''' is a 12-month period used for accounting purposes.<ref>[[Merriam-Webster]]'s Online Dictionary. [http://www.m-w.com/dictionary/fiscal%20year Fiscal Year].</ref> This can coincide with the [[calendar year]], but it does not have to. | |
| + | |||
| + | The fiscal year for federal government begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. [[Congress]] passes [[appropriation|appropriations]] legislation to fund the government for every fiscal year.<ref>[http://www.senate.gov/reference/glossary_term/fiscal_year.htm] US Senate Reference</ref> | ||
==References== | ==References== | ||
<references/> | <references/> | ||
| + | [[Category:Accounting]] | ||
| + | [[Catetory:Economics]] | ||
[[Category:US Senate Terms]] | [[Category:US Senate Terms]] | ||
Revision as of 22:38, July 30, 2007
A fiscal year is a 12-month period used for accounting purposes.[1] This can coincide with the calendar year, but it does not have to.
The fiscal year for federal government begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. Congress passes appropriations legislation to fund the government for every fiscal year.[2]
References
- ↑ Merriam-Webster's Online Dictionary. Fiscal Year.
- ↑ [1] US Senate Reference