Fiscal Year

yearly period at the end of which financial condition is assessed, twelve month accounting period

A fiscal year (or financial year or accounting reference date) is a 12-month period used for calculating annual ("yearly") financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting require such reports once per twelve months, but do not require that the twelve months constitute a calendar year (i.e. January to December). The financial results presented to shareholders are therefore a "photocopy" (or "snapshot") of the company's accounts at the accounting reference date. Fiscal years vary between businesses and countries.
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Noun
1. any accounting period of 12 months
(synonym) financial year
(hypernym) year, twelvemonth, yr

Accounting period covering 12 consecutive months which a company uses to record and keep books to determine earnings and profits. The fiscal year serves as period of reference for the company and does not necessarily correspond to the calendar year.