Confusion FY and CY

These are very important abbreviations when it comes to handling projects, so make sure that there is no confusion.

FY -- Financial Year or commonly called as Budget Year
CY -- Calendar Year

FY is country dependent and CY probably/definitely same for all the countries if they follow Gregorian Calendar.

FY for US starts from Oct, For Australia it starts from July, For India it starts from April likewise its different for different countries.

CY always starts from Jan.

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