The time period varies according to different businesses and different countries. Read on to understand the Fiscal Year definition, importance and examples better. What is Fiscal Year? A fiscal year ...

For example, many retailers use a fiscal quarter ending Jan. 31, instead of Dec. 31, to close the books on the complete holiday spending season. The federal government uses a fiscal year from Oct ...

The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 ...