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:
“You may read any quantity of books, and you may almost as ignorant as you were at starting, if you don’t have, at the back of your minds, the change for words in definite images which can only be acquired through the operation of your observing faculties on the phenomena of nature.”
—Thomas Henry Huxley (1825–95)
“In countries where associations are free, secret societies are unknown. In America there are factions, but no conspiracies.”
—Alexis de Tocqueville (1805–1859)
“I was with Hercules and Cadmus once,
When in a wood of Crete they bayed the bear
With hounds of Sparta: never did I hear
Such gallant chiding; for besides the groves,
The skies, the fountains, every region near
Seemed all one mutual cry. I never heard
So musical a discord, such sweet thunder.”
—William Shakespeare (1564–1616)