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Osee Posted 17 years ago
Vocabulary

In fiscal 2006 vs in 2006?

What's the difference between them? Does the fiscal 2006 not mean 1st January 2006 to 31st December 2006? Thanks.
  

Top answer

No, various industries keep their accounting books in a different definition of a year. 365 days, but starting somewhere other than Jan 1st. However, the majority of US companies do have a fiscal year that starts on Jan 1st, and ends on Dec 31st.

— Vorpar

  • No, various industries keep their accounting books in a different definition of a year.
  • 365 days, but starting somewhere other than Jan 1st.
  • However, the majority of US companies do have a fiscal year that starts on Jan 1st, and ends on Dec 31st.
  • All of the schools I attended started the year in September.
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3 Answers
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No, various industries keep their accounting books in a different definition of a year. 365 days, but starting somewhere other than Jan 1st.

However, the majority of US companies do have a fiscal year that starts on Jan 1st, and ends on Dec 31st.

All of the schools I attended started the year in September.
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Thank you, Vorpar. BTW, did you mean the fiscal year for most schools start in September?
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No, Osee. I'm afraid not.

Fiscal means to do with taxes.

In the UK the fiscal year runs from April 6th to April 5th, to put it at its simplest. That means that you are taxed on receipts and can offset payments during that period, and have to pay taxes on what happens between those dates.

The school year is something else, and in the UK starts in September and ends in
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