Forum Discussion
simmyfroggy
5 years agoSeasoned Ace
"M1ss_Plumbum;c-17400065" wrote:"Erja888;c-17399452" wrote:
I was hoping for a February GP because the silence until the June EP will be very long otherwise...
(Nothing for March and April because of the fiscal year ending/beginning and they have to get their numbers together. However, I can totally understand that.)
Can someone please explain me (and potential others) what "fiscal year" means. Everybody says it, but I still don't know what it is.
I don't understand why they won't release anything in those months.
It's a year that doesn't necessarily start on January 1st (it can be April, July, or October 1st - the beginning of a quarter) and it's used for budget purposes.
So companies will draw up budgets for, for example, the year between April 1 2020 and March 31 2021 and report their finances for that period instead of January to December.
Since in March they're working on a budget for the upcoming year and in April they're totaling the income from the previous one, keeping those clear of any new releases makes the number crunching easier.