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Why might a department store select a fiscal year ending January 31 rather than Fiscal year ending December 31?
In the United States, a business can have a fiscal year ending any date of the calendar year. Almost all use the end of a month, which simplifies accounting. For a department store, they might want to let the entire Christmas shopping season (including post-Christmas returns) be all on one fiscal year. They also might want to have plenty of time to finish post-holiday inventories before tackling the end-of-fiscal-year accounting.
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How do the titles of a balance sheet and an income sheet differ?
Titles of financial statements usually consist of the following three elements:Who? Name of the company.What? Name of the financial statementWhen? DatesCompanies report their balance sheets as of the last day of their fiscal year. This is usually December 31.Companies report their income statements for the period ending with the last day of their fiscal year. This is usually for the Year Ended December 31.The Cash Flows Statement and Statement of Stockholders' Equity are also reported for the period ending with the last day of their fiscal year.
What are the salaries of the Girl Scout and Boy Scout Chief Executives?
According to Charity Navigator, the CEO of Girl Scouts of the USA was paid $435,352 for Fiscal Year ending September 2009. According to Charity Navigator, the Chief Scout Executive of Boy Scouts of America was paid $1,046,415 for the Fiscal Year ending December 2009 and the former Chief Scout Executive received $230,833 for that same Fiscal Year.
What accounting period is one year long?
An accounting period that is one year long is referred to as a fiscal year. This period can align with the calendar year, running from January 1 to December 31, or it can differ based on a company's specific operational cycle, beginning and ending on different dates. The fiscal year is used for financial reporting and budgeting, allowing businesses to assess their performance and financial position annually.
What is the ending date of their last fiscal year at AT and T?
Chatelaine
The ending account balance of permanent accounts for one fiscal period are the beginning account balances for the next fiscal period?
th ending account balances of permanent accounts for one fisical period?
Is Saia Freight in financial trouble?
They do not look in to bad of shape.Key numbers for fiscal year ending December, 2009:Sales: $849.1MOne year growth: (17.6%)Net income: ($7.9)M
What is the risk free rate for 2005?
The average U.S. risk-free interest rate for the fiscal year-ending of 2005 was 2.94% p.a. (for 4-week U.S. treasury bills). Data calculated from the U.S. Department of the Treasury website.
How long does the Christmas period last in Spain?
It lasts about eleven days, starting on December 25, and ending on January 6 (which is the main event)
In which month does the earth reach perihelion?
about in the ending of december-janurary 5
Difference between calendar and fiscal year?
A fiscal year is a year that can start on any month of the calendar year. It contains twelve consecutive months at the end of which account books are closed, profit and loss is computed and annual reports are prepared. It may or may not match a calendar year. Most companies follow a fiscal year starting from July 1st to June 30th, but it may vary amongst different companies. Twelve month period starting from January 1st and ending at December 31st, and which has 365 days in non-leap year and 366 days in leap years.
What was Micrsoft's net income for the fiscal year ending in June 2000?
22.96 billion dollars
Will the world end In 2012 January 22?
There are many theories about the world ending like December 21, 2012 but really there is no way to know, we will not be able to predict the world ending only disasters that can happen
