Why does school start in the fall? There’s actually a very good reason for this, and it dates back more than a century!

Calendar Year The 12 months beginning Jan. 1 and ending Dec. 31 constitute a calendar year. It is the most commonly used type of accounting year by both individuals and businesses.

The calendar year, as the name implies, follows the structure of a standard calendar and begins on January 1. A fiscal year lasts for the same duration -- 365 days -- but can begin any time as ...

The difference is that, according to the Gregorian calendar, we don’t have a leap year every four years; we have a leap year every four years except on years ending in “00” that aren’t ...