This is one you hear a LOT and I am surprised it is not HERE! There are LOTS of ghetto people of every race, color and creed who try to sound important and well versed when talking about finances. They use the term PHYSICAL YEAR to discribe the beginning or end of a financial reporting period correctly spelled the FISCAL YEAR! The dead give away that someone is using the incorrect term PHYSICAL has there syliables while the proper term FISCAL has but two.
I would like to introduce Martha. Our accountant Martha will share the financial report for the past PHYSICAL YEAR with everyone!