What name is given to the financial year of an organization?

The term for the financial year of an organization is referred to as the fiscal year. This is a specific period that an organization uses for accounting purposes and preparing financial statements. The fiscal year can vary from one organization to another; it may not align with the traditional calendar year (January to December). Instead, organizations might choose a fiscal year that ends on a date that is most convenient for their reporting and budgeting processes.

In contrast, the calendar year represents the conventional January to December timeline and is not specifically designed for financial reporting. The annual year could be interpreted in a generic sense as any yearly cycle, but it lacks the specificity that "fiscal year" provides in the context of financial accounting. Operational year is not a widely recognized term utilized for financial reporting, thus distinguishing the fiscal year as the correct term for the financial cycle of an organization.