Operation in Various Countries/region
In some jurisdictions, particularly those that permit tax consolidation, companies that are part of a group of businesses must use nearly the same fiscal year (differences of up to three months are permitted in some jurisdictions, such as the U.S. and Japan), with consolidating entries to adjust for transactions between units with different fiscal years, so the same resources will not be counted more than once or not at all.
Read more about this topic: Fiscal Year
Famous quotes containing the words operation, countries and/or region:
“It is critical vision alone which can mitigate the unimpeded operation of the automatic.”
—Marshall McLuhan (1911–1980)
“All my life I have lived and behaved very much like [the] sandpiper—just running down the edges of different countries and continents, “looking for something” ... having spent most of my life timorously seeking for subsistence along the coastlines of the world.”
—Elizabeth Bishop (1911–1979)
“This moment exhibits infinite space, but there is a space also wherein all moments are infinitely exhibited, and the everlasting duration of infinite space is another region and room of joys.”
—Thomas Traherne (1636–1674)