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The U.S. government's fiscal year begins on October 1 of the previous calendar year and ends on September 30 of the year with which it is numbered. Prior to 1976, the fiscal year began on July 1 and ended on June 30. The Congressional Budget and Impoundment Control Act of 1974 stipulated the change to allow Congress more time to arrive at a budget each year, and provided for what is known as the "transitional quarter" from July 1, 1976 to September 30, 1976. As stated above, the tax year for a business is governed by the fiscal year it chooses.
For example, the United States government fiscal year for 2010 ("FY 2010" or "FY10") is as follows:
- 1st Quarter: October 1, 2009 - December 31, 2009
- 2nd Quarter: January 1, 2010 - March 31, 2010
- 3rd Quarter: April 1, 2010 - June 30, 2010
- 4th Quarter: July 1, 2010 - September 30, 2010
This three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
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What months are quarterly?
Quarterly months are months that fall on 1/4th of every year. The quarterly months are January-March, April-June, July-September, and October-December.
Is quarterly every three months?
yes 12 months = 1 year = 4 x 3
Matching concepts of depreciation?
basic matching concept of account is that all expenses of same fiscal years should be matched with revenues of that fiscal year and depreciation is also charged for that portion of asset which is used in specific fiscal year.
What is the first quarter of the government fiscal year?
October to December
What is the last quarter of the government fiscal year?
JULY to SEPT
What months are quarterly?
Quarterly months are months that fall on 1/4th of every year. The quarterly months are January-March, April-June, July-September, and October-December.
Quarterly is 3 months what are 4 months a year called?
Trimerterly
Describe the value of a monthly a quarterly and a fiscal year budget report and what would occur without reviews of these?
why might shppers use a budget the spending plan for the fiscal year--APEX
Semi quarterly is how many months?
Semi refers to occurring two times in a given period Quarterly is 3 months Semi quarterly is 2 times in 3 months, or 8 times a year
What are quarterly goals?
Im guessing your talking about work related targets?? Quarterly would be every three months - as there is 12 months in a year!
What is every three months called?
a quarter of a year
What is is a fiscal year?
12 months :) Love you Austin!
Quarterly months starting in October?
Quarterly months are:OctoberJanuaryAprilJuly
When in a given year what is the exact amount of quarterly?
Every three months.
Is a fiscal year ever longer than 12 months?
No. Fiscal year refers to a 365 day period other than a calendar year.
Is quarterly every three months?
yes 12 months = 1 year = 4 x 3
What is a Fiscal first-quarter profit in reference to business?
The net earnings in the first three months of a new business year. If a corporation's fiscal year ends on December 31, for instance, the first quarter is composed of the months January, February and March. There are four quarters in a fiscal year.
