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)
“The Heavens. Once an object of superstition, awe and fear. Now a vast region for growing knowledge. The distance of Venus, the atmosphere of Mars, the size of Jupiter, and the speed of Mercury. All this and more we know. But their greatest mystery the heavens have kept a secret. What sort of life, if any, inhabits these other planets? Human life, like ours? Or life extremely lower in the scale. Or dangerously higher.”
—Richard Blake, and William Cameron Menzies. Narrator, Invaders from Mars, at the opening of the movie (1953)