Fiscal Year End

The final day of an organisation's or government's twelve-month accounting period, which frequently generates unofficial workplace celebrations, end-of-year bonuses, and office parties that function similarly to cultural holidays. Fiscal year ends vary globally — 31 December in most of continental Europe, 31 March in India and the United Kingdom, and 30 September in the US federal government — meaning different communities experience this landmark at different points in the year and often mark it with corporate gifting and year-end staff recognition events.