Fiscal Year

A fiscal year is a one-year period that companies and organizations use for financial reporting and budgeting. Unlike the calendar year, which runs from January to December, a fiscal year can start and end in any month, providing flexibility for businesses to align their financial assessments with their operational cycles. For instance, many retail companies use a fiscal year ending in January to account for the holiday season’s impact on sales. Understanding a company's fiscal year is crucial for analyzing its financial health, making projections, and planning strategies. In the world of casino gaming, the fiscal year helps track financial performance, allocate resources, and enhance decision-making.