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The question “What is a quarter?” is often encountered in the economic sector. You have probably also heard the term from your doctor at some point.
What is a quarter – an overview of the most important facts
If you visit a doctor, you have to have your health insurance card read once a quarter. In the economic sector, reports on the development of a company’s turnover and earnings are written on a quarterly basis.
- Quarter comes from the Latin word “quarters” and means quarter. A quarter covers three months and is used to make the year clearer for accounts and balance sheets etc.
- 1st quarter: Comprises the months of January, February and March
- 2nd quarter: Includes the months of April, May and June
- 3rd quarter: Comprises the months of July, August, September
- 4th quarter: Comprises the months of October, November, December
- The individual quarters are often abbreviated with the letter Q and the respective quarter number (Q1, Q2, Q3, Q4).