FOB105 Financial Management Body of Knowledge Practice Exam 2025 – The Comprehensive All-in-One Guide to Master FMBOK!

Question: 1 / 400

What is the time frame for the first quarter of the government fiscal year?

January to March

April to June

July to September

October to December

The first quarter of the government fiscal year typically runs from October to December. This timing aligns with the U.S. federal government's fiscal year, which begins on October 1 and ends on September 30 of the following year. In this context, the first quarter includes the months of October, November, and December. Understanding the fiscal year's structure is important for budget planning, financial reporting, and analysis of government spending policies. The other options mentioned represent different quarters in the fiscal calendar, with each aligning to a different segment of the year rather than to the defined first quarter for government accounting purposes.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy