We explain what the calendar year is and how to calculate it in days and months. In addition, we tell you the different ways to divide it.
What is a calendar year?
One calendar year It is a period of twelve months or 365 dayswhich is counted from a specific day until its repetition the following year, for example, from June 1, 1901 to June 1, 1902, a calendar year passes. However, the extension of a calendar year can vary to 366 days when it is a leap year (i.e. when February has 29 days instead of 28).
The term “calendar year” is often used interchangeably with “calendar year” or “solar year”, since in all these cases it is a standard period of twelve months, that is, an entire revolution of our planet throughout its orbit around the Sun. However, in certain technical or specialized fields (such as economics), a calendar year or solar year is considered to be, specifically, the one that begins on January 1 and ends on January 31. December of any year. That is, the year that calendars normally reflect.
It should also not be confused with the fiscal year, which refers to the business cycle in a given country, which also covers 365 days, but begins and ends on a specific date, which adapts to the local productive and/or economic cycle. In any case, calendar years and fiscal years are also calendar years, since they cover a standard period of 365 days, but not all calendar years are fiscal years or calendar years.
The calendar years They serve to establish annual cycles, setting the beginning and end according to specific needs, which do not always coincide with the calendar year.. For example, a loan or investment can last a calendar year if it spans twelve months, regardless of which calendar day it begins and which day it ends.
See also: Seasons of the year
Divisions of a calendar year
A calendar year can be divided into:
- Two (2) semestersthat is, two periods of six months each.
- Three (3) semestersthat is, three periods of four months each.
- Four (4) quartersthat is, four periods of three months each.
- Six (6) semestersthat is, six periods of two months each.
Continue with: Fiscal year and business year
References
- “Calendar year” in Wikipedia.
- “Year” in the Language Dictionary of the Royal Spanish Academy.
- “Calendar year” in the Vocabulary of fiscal terms of the University of Barcelona (Spain).
