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What is a fiscal year?

A Fiscal Year (FY), also known as a budget year, is a period of time used by the government and businesses for accounting purposes to formulate annual financial statements and reports. A fiscal year consists of 12 months or 52 weeks and might not end on December 31. A period that is set from January 1 to December 31 is called a calendar year.

What is a fiscal year-end (FYE)?

Home › Accounting › Accounting Basics › Definition: Fiscal year end (FYE) indicates the date when a business’ operating cycle is finished and public companies are required to publish their annual financial statements based on the preceding 12-month accounting period.

Can a company follow a fiscal year?

A fiscal year can vary from company to company, even within the same industry. Per IRS requirements, not all businesses are eligible to follow a fiscal year. A financial year equals 12 consecutive months during which a business tracks its finances for tax and reporting purposes.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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