Glossary
With over 200 terms in both English and French, our M&A Dictionary is designed to help you better understand the key words and concepts related to the sale oe purchase of a business in Canada.
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Fiscal year
« Back to Glossary IndexCategory: Accounting and Finance
A “fiscal year” in accounting refers to a 12-month period that a business or organization uses for financial reporting and planning purposes. Unlike the calendar year, which runs from January 1 to December 31, a fiscal year can start and end on any date. The choice of the fiscal year depends on the preferences and needs of the business or organization.
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