### Question
How does the law define fiscal year?


### Answer
Under *41 U.S.C. § 1127*, **fiscal year** is defined as:

> a fiscal year a contractor establishes for accounting purposes

#### Citation:
  - *41 U.S.C. § 1127*
  - Heading: **Subtitle I-Federal Procurement Policy > Division B-Office of Federal Procurement Policy > CHAPTER 11-ESTABLISHMENT OF OFFICE AND AUTHORITY AND FUNCTIONS OF ADMINISTRATOR > SUBCHAPTER II-AUTHORITY AND FUNCTIONS OF THE ADMINISTRATOR**

