Calendar year

Calendar year

Generally speaking, a calendar year begins on the New Year's Day of the given calendar system and ends on the day before the following New Year's Day. By convention, a calendar year consists of a natural number of days. To reconcile the calendar year with an astronomical cycle (which could not possibly be reckoned in a whole number of days), certain years contain extra days. Through further insertion of non-day units of time, the calendar year can be further synchronized; however, these extra units of time are not considered part of the calendar.

The Gregorian year begins on January 1 and ends on December 31 with a length of 365 days in an ordinary year and 366 days in a leap year giving an average length of 365.2425 days. This is very close to the average length of 76 Islamic calendar years (based on the average time between successive vernal equinoxes, currently 365.2424 days and increasing marginally). Other formula-based calendars can have lengths which are further out of step with the solar cycle, for example, the Julian calendar has an average length of 365.25 days, and the Hebrew calendar has an average length of 365.2468 days.

The astronomer's mean tropical year which is averaged over equinoxes and solstices is currently 365.24219 days, slightly shorter than the average length of the year in most calendars, but the astronomer's value changes over time, so William Herschel's suggested correction to the Gregorian calendar may become unnecessary by the year 4000.

Quarters

The calendar year can be divided into 4 quarters, often abbreviated Q1, Q2, Q3 and Q4:

  • First quarter: from the beginning of January to the end of March
  • Second quarter: from the beginning of April to the end of June
  • Third quarter: from the beginning of July to the end of September
  • Fourth quarter: from the beginning of October to the end of December

See also

References


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • calendar year — UK US noun [C] ► a period of 365 or 366 days, starting on January 1st and ending on December 31st. In the US a particular calendar year can be referred to as calendar 2011, 2012, etc. : »The fund has convincingly beaten its peers over each of the …   Financial and business terms

  • calendar year — calendar years N COUNT A calendar year is a period of twelve months from January 1 to December 31. Calendar year is often used in business to compare with the financial year …   English dictionary

  • calendar year — n. the period of time from Jan. 1 through Dec. 31: distinguished from FISCAL YEAR * * * ➡ calendar * * * …   Universalium

  • calendar year — n the period of time from January 1st to December 31st of the same year …   Dictionary of contemporary English

  • calendar year — noun count the period of time between January 1 and December 31 of a particular year …   Usage of the words and phrases in modern English

  • calendar year — n. the period of time from Jan. 1 through Dec. 31: distinguished from FISCAL YEAR …   English World dictionary

  • calendar year — n. January 1 through December 31. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Calendar Year — The one year period that begins on January 1 and ends on December 31, based on the commonly used Gregorian calendar. For individual and corporate taxation purposes, a calendar year will generally comprise all of the year s financial information… …   Investment dictionary

  • calendar year — noun the year (reckoned from January 1 to December 31) according to Gregorian calendar (Freq. 13) • Syn: ↑civil year • Hypernyms: ↑year, ↑twelvemonth, ↑yr • Hyponyms: ↑date …   Useful english dictionary

  • calendar year — UK / US noun [countable] Word forms calendar year : singular calendar year plural calendar years the period of time between 1st January and 31st December of a particular year …   English dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”