fy

In the world of finance, there are two terms that are often used interchangeably: FY and FYE. However, there is a subtle but important difference between the two. Understanding this difference is crucial for anyone involved in financial reporting or analysis. What does FY stand for? FY stands for fiscal year. A fiscal year is a 12-month accounting period used by businesses and organizations to track their financial performance. The fiscal year can start on any day of the year, but most businesses use a calendar year, which starts on January 1st and ends on December 31st....