### Question
How is the "fiscal year" defined?


### Answer
The term **fiscal year** is defined in *41 U.S.C. § 4301* as follows -

> a fiscal year established by a contractor for accounting purposes

#### Citation:
  - *41 U.S.C. § 4301*
  - Heading: **Subtitle I-Federal Procurement Policy > Division C-Procurement > CHAPTER 43-ALLOWABLE COSTS**

