For example, there are easy to read sites with explanations like https://www.thebalancemoney.com/how-do-i-determine-my-compan..., and less easy to read things like Form 1128.
The fiscal year is a pretty standard finance concept, so anything in that area isn't going to bother with an explainer; you're just expected to know.
From the outside looking in, it just seems nuts. If I ever found a company I'm going to do my best to get my fiscal year to == calendar, if I can. It also annoys me when companies needlessly use it internally. Mine does, I have no idea when the quarter ends anymore.
¹ish. I think the IRS has a few rules.
Fiscal years are about when you'll pay tax. This is Q1 of four quarters to be reported before Nvidia pays tax in 2025.
To demonstrate: The earnings Microsoft reported for this same quarter (calendar Q1 2024) a month ago were reported as their Q3 2024 fiscal year results. Apple's were fiscal Q2 2024. Google's were fiscal Q1 2024.
> Financial reports, external audits, and federal tax filings are based on a company's fiscal year.
And while the fiscal year affects when the company needs to file a tax return, that's not when the company pays taxes which is what the GP claimed. They make estimated payments continuously, once per quarter.