Financial periods and how to work with them

Financial Forecasting in Python

Victoria Clark

CGMA Financial Analyst

The financial year

• Full reporting year for financial numbers
• Can start and end at any month of the year
  • e.g., Microsoft Financial Year is 1 July - 30 June

Abbreviations

• Months
  • 01, 02 , 03 or Jan, Feb, Mar
  • Not dependent on financial year
• Quarters
  • Q1, Q2, Q3, Q4
  • Dependent on financial year
• Years
  • 2017, 2018 or 18, 17
  • Year is set based on the financial year end

Let's practice!

Financial Forecasting in Python