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Companies start their fiscal years at different points in the year and name the years differently. Some companies name their quarters based on the calendar yea
by zactato 3y ago
Companies start their fiscal years at different points in the year and name the years differently.
Some companies name their quarters based on the calendar year that the fiscal year starts in, some do it based on when fiscal year ends.
It probably matters to people in finance, but I'm not sure it matters to anyone else.
- whizzter 3y agoMostly it matters to the company itself. Atleast in some countries, taxable income and deferrals are calcualted on the fiscal year rollover as well as forcing full summaries and yearly reports to annual shareholder meetings.