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)
“In some countries a hunting parson is no uncommon sight. Such a one might make a good shepherd’s dog, but is far from being the Good Shepherd.”
—Henry David Thoreau (1817–1862)
“America lives in the heart of every man everywhere who wishes to find a region where he will be free to work out his destiny as he chooses.”
—Woodrow Wilson (1856–1924)