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


### Answer
Under *41 U.S.C. § 4301*, **fiscal year** is defined as:

> 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**

