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Meaning of “financial year” in the English Dictionary

(Definition of financial year from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"financial year" in Business English

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financial yearnoun [C]

uk   us   (abbreviation FY, also accounting year) mainly UK
ACCOUNTING a ​period of twelve months for which a ​company prepares its ​accounts. In the UK, this ​period often ​ends at the end of March: the current/previous/next, etc. financial year Profits for the ​currentfinancialyear are expected to ​rise more than 20%.the beginning/end/second half, etc. of the financial year In the second half of the ​financialyear, we were ​successful in ​winning several new ​contracts. He was ​paid over £700,000 in the ​financialyear to March 2010.
(Definition of financial year from the Cambridge Business English Dictionary © Cambridge University Press)
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