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 countries and/or region:
“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)
“Alvina felt herself swept ... into a dusky region where men had dark faces and translucent yellow eyes, where all speech was foreign, and life was not her life. It was as if she had fallen from her own world on to another, darker star, where meanings were all changed.”
—D.H. (David Herbert)