Fiscal year is often defined as a 12-month period used for financial reporting purposes. However, there are several synonyms that can be used in place of the term "fiscal year". One such synonym is "financial year", which is commonly used in the UK and some other parts of the world. Other synonyms include "accounting year", "budget year", and "tax year". Each of these synonyms has a slightly different meaning, but all refer to a specific period of time used for financial accounting and reporting purposes. Regardless of which term is used, they all serve the same purpose of helping businesses and organizations keep track of their finances in a standardized and organized way.