Last Fiscal Year - LFY
Analysts and management will often use figures and metrics from a company's last fiscal year in order to forecast whether or not a business's current performance will outdo that of the previous fiscal year.
For example, ABC Corporation's fiscal year starts and ends in February, and it is currently July. If it were to list its revenue from the last fiscal year, it would show the results that took place from February 1st of the previous year to January 31st of the current year.
However, the inclusion of one-time financial anomalies in the last fiscal year's results may cause an ineffective comparison, as one-time non-operating events could skew a company's metrics.
For example, ABC Corporation sold a factory for $1 million and it reported the cash as revenue in the last fiscal year's financial statements. Unless it is specified that the extra million dollars was not from its regular operations, individuals may mistakenly believe that ABC Corp.'s operations generated an extra million dollars.
Investment dictionary. Academic. 2012.
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fiscal year — noun any accounting period of 12 months (Freq. 17) • Syn: ↑financial year • Hypernyms: ↑year, ↑twelvemonth, ↑yr * * * noun, pl ⋯ years [count] chiefly US : a 12 month period used by a government … Useful english dictionary
fiscal year — /ˌfɪskəl jɪə/ noun a twelve month period on which taxes are calculated (in the UK, April 6th to April 5th) ▪▪▪ ‘…last fiscal year the chain reported a 116% jump in earnings’ [Barron’s] … Dictionary of banking and finance
fiscal year accounting period — A 12 month period ending on the last day of any month except December. Many businesses are required to use a calendar year as their tax year, but if you can prove that your business has a natural business year that is different from the calendar… … Law dictionary
fiscal year — n 1.) the 12 month period used by governments to calculate spending and how much tax a person or business must pay last/current/coming/next fiscal year 2.) AmE the 12 month period over which a company calculates its profits or losses British… … Dictionary of contemporary English
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
fiscal year — ( FY) Accounting period covering 12 consecutive months over which a company determines earnings and profits. The fiscal year serves as a period of reference for the company and does not necessarily correspond to the calendar year. Bloomberg… … Financial and business terms
year — [jɪə, jɜː ǁ jɪr] written abbreviation yr noun [countable] 1. also calendar year the period of time beginning on January 1 and ending on December 31: • The Small Business Administration arranged 55,000 small business loans last year. 2 … Financial and business terms
year — [ jır ] noun *** 1. ) count a period of 365 days, or 366 in a leap year, divided into 12 months: He lived in Paris for a few years. a ) used about a particular period of time, beginning on January 1 and ending on December 31, or between the first … Usage of the words and phrases in modern English
year — W1S1 [jıə, jə: US jır] n ▬▬▬▬▬▬▬ 1¦(12 months)¦ 2¦(january to december)¦ 3 years 4 all (the) year round 5 year by year 6 year after year/year in, year out 7¦(period of life/history)¦ 8 the school/academic year 9¦(s … Dictionary of contemporary English
Year — A year (from Old English gēar) is the orbital period of the Earth moving around the Sun. For an observer on Earth, this corresponds to the period it takes the Sun to complete one course throughout the zodiac along the ecliptic. In astronomy, the… … Wikipedia
year */*/*/ — UK [jɪə(r)] / US [jɪr] noun Word forms year : singular year plural years 1) [countable] a period of 365 days, or 366 in a leap year, divided into 12 months He lived in Paris for a few years. I started my job two years ago. a) used for talking… … English dictionary