Clear the confusion between Calendar Year and Fiscal Year. Learn their key differences in purpose, usage, and time period.

Ask someone to define a year and they’ll probably say January 1 to December 31. That’s correct of course—but it’s not the only correct definition. January to December represents a calendar year: the ...

During a company’s fiscal year, there are four three-month periods known as fiscal quarters. During these periods, a company’s financial activities and statements are calculated, processed and ...