financial year

• Período de 12 meses usado para calcular e apresentar a demonstração financeira anual de empresas e outras organizações, que não precisa coincidir com o ano civil.

A period used for calculating annual financial statements in businesses and other organizations, typically covering 12 months and not necessarily coinciding with the calendar year.

1. Accounting periodB2formal

   A one-year period used by companies and governments for financial reporting and budgeting, which may not align with the calendar year.

   Exercício fiscal

   • The company's financial year ends on March 31st.
   • We need to close the books for the current financial year.
   • The budget for the next financial year has been approved.