Beginning of the United States' Fiscal Year

A fiscal year is a one-year time interval whose beginning and end may be shifted with respect to the calendar year . In the Northern Hemisphere, the most common shifted fiscal year is July to the next June, but other practices exist, such as April to the next March. For countries in the Southern Hemisphere, the fiscal year normally coincides with the calendar year, January to December. The series of consecutive fiscal years forms a calendar system known as fiscal calendar. The names of fiscal years are often shortened based on the calendar year in which they end; for example, "FY24" is an abbreviation for "fiscal year 2023-2024".