financial year
Accounting cycle span
A financial year is a twelve-month period used for accounting, budgeting, and tax purposes, which may or may not align with the calendar year.
In the UK, the government's financial year runs April to March; in the US, October to September.
Companies choose their own: Our financial year ends in June.
Americans more often say fiscal year.
Assets-liabilities-equity report
- profit and lossNet financial results
- ledgerFinancial record book
- bookkeepingRecording financial transactions systematically
- auditFormal accounts examination
journal entry · general ledger · trial balance · reconciliation · accruals · depreciation · amortization · accounts payable
Distribution of shares
- expenditureMoney paid out
- revenueBusiness income total
- deficitAmount still owed
- surplusAmount exceeding requirement
appropriation · funding · capital · investment · spending · outlay · costs · expenses
Seventeenth letter
- Q2Year's second segment
- Q3Year's third segment
- Q4Final fiscal quarter
- quartersAssigned living accommodations
midyear · annual · January · April · July · October · first half · second half
Profits from investments
- filingsParticles from abrasion
- complianceAdhering to requirements
- deductionsConclusions from reasoning
- exemptionsReleases from obligation
liability · withholding · credits · assessments · taxable income · gross income · net income · tax brackets
Organization's periodic financial summary
- quarterly reportPeriodic corporate financial disclosure
- earningsMoney gained from work
- performanceCarrying out a task
- disclosureAct of revealing information
SEC filing · 10-K · interim report · investor relations · guidance · outlook · restated · pro forma
balance sheet
Assets-liabilities-equity report
- profit and lossNet financial results
- ledgerFinancial record book
- bookkeepingRecording financial transactions systematically
audit · journal entry · general ledger · trial balance · reconciliation · accruals · depreciation · amortization · accounts payable · accounts receivable
allocation
Distribution of shares
- expenditureMoney paid out
- revenueBusiness income total
- deficitAmount still owed
surplus · appropriation · funding · capital · investment · spending · outlay · costs · expenses · forecast
Q1
Seventeenth letter
quarters · midyear · annual · January · April · July · October · first half · second half · accounting period
returns
Profits from investments
- filingsParticles from abrasion
- complianceAdhering to requirements
- deductionsConclusions from reasoning
exemptions · liability · withholding · credits · assessments · taxable income · gross income · net income · tax brackets · tax planning
annual report
Organization's periodic financial summary
- quarterly reportPeriodic corporate financial disclosure
- earningsMoney gained from work
- performanceCarrying out a task
disclosure · SEC filing · 10-K · interim report · investor relations · guidance · outlook · restated · pro forma
- time periodsday, month, week, hour, minute
- years
- corporate taxcorporate tax, corporation tax, corporate taxation, taxable income, tax liability
year, finance, financial, financing, fiscal, financially, financiers, fiscal year