Fiscal Year | Meaning & Example - InvestingAnswers
WEBJun 1, 2021 — The US government’s fiscal year begins on October 1st and ends on September 30th. For example, the government's fiscal year for 2021 begins on October 1, 2020 (the year before) and the fiscal year ends on September 30, 2021. How Do Fiscal Years Work? It’s important to remember that a fiscal year doesn't necessarily …
Fiscal Year-End Definition & Example - InvestingAnswers
WEBOct 1, 2019 — Now let's say that Company XYZ has a fiscal year that begins July 1 and ends June 30. We can say that Company XYZ has a 6/30 fiscal year-end. In business, a fiscal year does not always go from Jan. 1 to Dec. 31: Many companies and governments have fiscal years beginning at other times. The federal government's fiscal year ends Sept. …
Fiscal Quarters | Q1, Q2, Q3, Q4 - InvestingAnswers
WEBMar 4, 2021 — The following fiscal quarter periods apply to companies whose fiscal year aligns with a regular calendar year: 2020 Fiscal Quarters. Q1 2020 Dates: January 1 - March 31 Q2 2020 Dates: April 1 - June 30 Q3 2020 Dates: July 1 - September 30 Q4 2020 Dates: October 1 - December 31. 2021 Fiscal Quarters. Q1 2021 Dates: January 1 - …
YTD -- Year to Date -- Definition & Example - InvestingAnswers
WEBJul 16, 2020 — Why Year to Date (YTD) Is Important. Year-to-date information is useful in looking for trends or measuring performance against goals. Comparing year-to-date information among companies with different fiscal-year start dates can distort an analysis: the time included may vary, and seasonal factors may become skewed.
LFY -- Last Fiscal Year -- Definition & Example - InvestingAnswers
WEBOct 1, 2019 — A fiscal year is a company's 12-month accounting cycle. The cycle begins on the first of any month (not necessarily January 1) and ends on the last day of the 12th month thereafter. A company's last fiscal year is the fiscal year that immediately preceded its current fiscal year. For example, suppose Company ABC's fiscal year begins July 1 ...
Calendar Year Definition & Example - InvestingAnswers
WEBOct 30, 2020 — How Does a Calendar Year Work? If Company XYZ starts its fiscal year on January 1 and ends its fiscal year on December 31, then Company XYZ's fiscal year is said to be on a calendar year basis. Many companies align their fiscal years with the calendar year, but some don't. For example, Company ABC might start its fiscal year on October …
Income Statement | Example & Definition - InvestingAnswers
WEBMar 31, 2021 — So, the income statement shows total revenue and expenses for a specified period of time (such as a fiscal year). Income Statement. For the fiscal year ended December 31, 2020. Balance sheets are useful to assess the company’s assets and its financial obligations (liabilities) at a moment in time.
TTM -- Trailing Twelve Months -- Definition & Example
WEBSep 29, 2020 — How Does TTM Work? TTM is a helpful statistic for reporting, comparing, and contrasting financial figures. For example, an analyst issuing a report on October 15, 2019 will report trailing twelve months (TTM) earnings as those from October 1, 2018 to September 30, 2019. The analysts can, in turn, compare those earnings with other …
Fiscal Deficit Definition & Example - InvestingAnswers
WEBOct 1, 2019 — How Does a Fiscal Deficit Work? A deficit is the opposite of a surplus. In the business world, the term often refers to situations where expenses exceed revenues, imports exceed exports, or liabilities exceed assets. The most common deficits are fiscal deficits and trade deficits. Trade deficits (also called current account deficits) occur when ...
Ending Inventory Definition & Example - InvestingAnswers
WEBOct 1, 2019 — How Does Ending Inventory Work? Ending inventory equals the beginning inventory balance plus the cost of any inventory purchases minus the cost of any inventory sold and shrinkage. For example: Sales: $15,000,000 Cost of Goods Sold: Beginning Inventory: $7,000,000 Purchases: $13,000,000 Cost of Goods Available for Sale: …