Fiscal Year-End

Fiscal Year-End
The completion of a one-year, or 12-month, accounting period. A firm's fiscal year-end does not necessarily need to fall on December 31, and can actually fall on any day throughout the year.

The reason that a company's fiscal year often differs from the calendar year and may not close on December 31 is due to the nature of a company's needs. For example, retailers tend to close their books at the end of January due to the large number of December sales. If the fiscal year-end is too close to a heavy selling season, the company will be hard-pressed to produce its annual financial statements, count inventories, etc. because its manpower will be going toward selling its product.

Investment dictionary. . 2012.

Look at other dictionaries:

  • fiscal year-end — The end of a 12 month accounting period. Bloomberg Financial Dictionary …   Financial and business terms

  • year-end — [yir′end′] n. the end of a year, calendar or fiscal adj. happening, done, etc. at year end: Also yearend …   English World dictionary

  • Fiscal year — A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ( yearly ) financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation… …   Wikipedia

  • year-end — I noun the end of a calendar year (Freq. 1) he had to unload the merchandise before the year end • Hypernyms: ↑end, ↑ending II adjective taking place at the close of a fiscal year year end audit …   Useful english dictionary

  • year end — (also year’s end) n. the end of the fiscal year we will discuss additional changes at year end | [as adj.] the year end figures were impressive …   Useful english dictionary

  • year-end — I. noun Date: 1872 the end of usually the fiscal year II. adjective Date: 1899 made, occurring, or existing at the year end < a year end report > …   New Collegiate Dictionary

  • year-end dividend — A special dividend declared at the end of a fiscal year that usually represents distribution of higher than expected company profits. Bloomberg Financial Dictionary …   Financial and business terms

  • year-end — Fin relating to the end of a financial or fiscal (tax) year …   The ultimate business dictionary

  • year-end closing — Fin the financial statements issued at the end of a company’s fiscal (tax) year …   The ultimate business dictionary

  • fiscal year — any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition. [1835 45, Amer.] * * * …   Universalium

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