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 countries where there is a mild climate, less effort is expended on the struggle with nature and man is kinder and more gentle.”
—Anton Pavlovich Chekhov (1860–1904)
“Myth is the hidden part of every story, the buried part, the region that is still unexplored because there are as yet no words to enable us to get there.... Myth is nourished by silence as well as by words.”
—Italo Calvino (1923–1985)