What Are The Fiscal Quarters 2024. Understanding how these periods influence reporting, strategy, and tax obligations is crucial for effective management and investment analysis. 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 analysis.

For example, a retail company might have a fiscal year that runs from february 1 to january 31 so that its fourth. This division of the fiscal year into four quarters offers an effective framework for reporting, analyzing, and forecasting financial performance.