Financial Year 2024 Quarters. A financial year, also known as a fiscal year, is a period used for accounting and budgeting purposes, while fiscal quarters divide the financial year into smaller segments for reporting and. Fiscal quarters, also known as financial quarters, are used by businesses and organizations to report their financial performance over a given period of time.
Unlike calendar quarters, which are universally fixed, fiscal quarters can vary between organizations, adding a layer of complexity to financial planning. Because the fiscal year straddles two different calendar years, the calendar year and fiscal year will not always match.
