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)
“We are the sons and daughters of the world they saved. [Now is our moment] to make common cause with other countries to ensure a world of peace and prosperity for yet another generation.”
—Bill Clinton (b. 1946)
“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)