What Does FY Stand For?
FY stands for Fiscal Year
The term "Fiscal Year" (FY) refers to a specific 12-month period used by governments and businesses for financial planning, accounting, and reporting. It is distinct from the calendar year and may vary among organizations, often reflecting the time frame for budgeting, financial statements, and performance evaluation. Understanding the fiscal year is essential for analyzing financial health and making informed economic decisions.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym