Fiscal calendars provide a framework for the financial activity of an organization. Each fiscal calendar contains one or more fiscal years, and each fiscal year contains multiple periods. Fiscal calendars can be based on a January 1 to December 31 calendar year, or on any dates that you select. In this document we will consider a situation where a fiscal calendar that starts on May 1 of one year and ends on April 30 of the following year.
You see that the Q1 starts on May 1 and ends on July...(read more)![]()
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