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)
“[W]e are all guilty in some Measure of the same narrow way of Thinking ... when we fancy the Customs, Dresses, and Manners of other Countries are ridiculous and extravagant, if they do not resemble those of our own.”
—Joseph Addison (1672–1719)
“the Mind of Man—
My haunt, and the main region of my song.”
—William Wordsworth (1770–1850)