Words / F / Business

financial year

noun

B1CEFR level
30/100Rarity: fairly common
TechnicalRegister

The twelve-month period a company uses for accounting and reporting, which need not match the calendar year.

Our financial year ends in March, so the reporting rush always lands in the spring.

Similar: fiscal year, accounting period

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting