The difference between Academic year and Fiscal year
When used as nouns, academic year means the annual period during which a student attends school, college or university, whereas fiscal year means an accounting period of one year, not necessarily coinciding with the calendar year.
check bellow for the other definitions of Academic year and Fiscal year
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Academic year as a noun (education):
The annual period during which a student attends school, college or university.
Examples:
"In many countries the academic year starts in September and finishes in August of the next calendar year."
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Fiscal year as a noun (accounting):
An accounting period of one year, not necessarily coinciding with the calendar year.
Examples:
"New York State has rarely had an approved budget by the beginning of its April 1 fiscal year'"