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Calender Year and Fiscal Year. WTF?
Posted: Wed Nov 05, 2008 10:54 am
by lomax
Why isnt the fiscal year Jan - Dec?
Why they make it from April - March?
Just a question.
You guys is clever. You'll know why.
Posted: Wed Nov 05, 2008 10:56 am
by dubble
Often the fiscal or tax year is specifically established not to match the calendar year (also called natural year) so that accounting year-end work does not coincide with periods of high activity, such as the Christmas shopping rush for retailers, or with holiday periods when employees may prefer to take vacation.
Posted: Wed Nov 05, 2008 10:58 am
by kins83
I didn't know this, but the answer on Wiki does make good sense:
"Often the fiscal or tax year is specifically established not to match the calendar year (also called natural year) so that accounting year-end work does not coincide with periods of high activity, such as the Christmas shopping rush for retailers, or with holiday periods when employees may prefer to take vacation."
I suppose it'd be a nightmare having all that workload at once. Why not spread the misery across the whole year?
Posted: Wed Nov 05, 2008 10:59 am
by kins83
lol great minds Dubble.
Posted: Wed Nov 05, 2008 11:09 am
by dubble
I wouldn't be the person I am without Wikipedia
Posted: Wed Nov 05, 2008 11:18 am
by elbe
Jokes
the real reason is that the acient Fiscals thought the year started in April, the begging of spring, they where quite pagan people.
Posted: Wed Nov 05, 2008 11:43 am
by lomax
the ancient fiscals?
Posted: Wed Nov 05, 2008 11:45 am
by kins83
I think eLBe is taing the piss....
Posted: Wed Nov 05, 2008 12:03 pm
by elbe
kins83 wrote:I think eLBe is taing the piss....
me? take the piss?
why sir that is slander, sullying my good (if slightly knock-off) name.
Posted: Wed Nov 05, 2008 12:16 pm
by lomax
well I'm glad the Fiscal Ancients didn't make it onto my presentation.
I would have been in the shit then!!
Posted: Wed Nov 05, 2008 12:20 pm
by richy_root
dubble wrote:I wouldn't be the person I am without Wikipedia
indeed, indeed
Posted: Wed Nov 05, 2008 12:44 pm
by pdomino
God bless Wiki !
Whether you require info on genital warts or the price of a plum in Hong Kong. The answer to all our questions.
Posted: Wed Nov 05, 2008 4:53 pm
by nesslei
pdomino wrote:God bless Wiki !
Whether you require info on genital warts or the price of a plum in Hong Kong. The answer to all our questions.
that specific combination has the mind racing....
Posted: Wed Nov 05, 2008 4:55 pm
by Jak The lad
Imagine if Fiscal did a yearly calender, that would confuse a few people.
Posted: Wed Nov 05, 2008 5:02 pm
by FSTZ1
ummm
if a company opens up for business in october 2007
their fiscal year ends in october 2008
however most major corps have adopted the fiscal year to match the calendar year