A 12-month fiscal year can end on any month of the calendar year.

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A fiscal year, also known as a financial year, is a period used by companies and governments for accounting and budgeting purposes. It can begin and end on any month of the calendar year, depending on the organization's preference or requirements. For example, the US government's fiscal year runs from October 1st to September 30th, while a company may choose to have its fiscal year end on December 31st.

A 12-Month Fiscal Year Can End on Any Month of the Calendar