F - Accounting Dictionary
An abbreviation of Free On Board. It generally forms part of an export contract where the seller pays all the costs and insurance of sending the goods to the port of shipment. After that. the buyer then takes full responsibility. If the goods are to travel by train. it´s called FOR (Free On Rail).
The term used for a business´s accounting year. The period is usually twelve months which can begin during any month of the calendar year (eg. 1st April 2001 to 31st March 2002).