Fiscal year
Bookkeeping and accounting in business or other organizations is required by regulatory laws to be done for periods of 12 months, resulting in "annual" (= "yearly") reports. This 12-month period is called a fiscal year, and it can end on the last day of any calendar month, but a new company or business has to decide at the beginning what year to use and then stick with it.Companies that are units within a "group" of businesses must all use the same fiscal year, otherwise it would be possible to shift entries between units with different fiscal years, so the same resources would be counted more than once or not at all, making the annual report of the group's finances misleading.
In the "Enron scandal" in the U.S. in 2001-2002, that energy conglomerate was discovered to have gotten around the laws to prevent that kind of fraud by setting up dummy businesses that passed the bookkeeping entries back and forth, increasing their size on each pass, thus shifting the bogus numbers in space instead of in time.
A path with wedges cloven; then fruitful slips
To heaven.html">heaven upshot with teeming boughs, the tree.html">tree
nor.html">Nor of one kind alone are sturdy elms,
Of Ida; nor of self.html">self-same fashion spring
And bitter-berried pausians, no, nor yet
Nor from like cuttings are Crustumian pears
Not the same vintage from our trees hangs down,
Vines Thasian are there, Mareotids white,
Psithian for raisin-wine more useful, thin
And tie the tongue: purples and early-ripes,
Yet cope not therefore with Falernian bins.
To which the Tmolian bows him, ay, and king
Argitis, wherewith not a grape can vie
Nor thee must I pass over, vine of Rhodes,
Nor thee, Bumastus, with plump clusters swollen.
There is no telling, nor doth it boot to tell;
How many sand-grains are by Zephyr tossed
With fury on the ships, how many waves
Not that all soils can all things bear alike.
Alders in miry fens; on rocky heights
Myrtles throng gayest; Bacchus, lastly, loves
Mark too the earth by outland tillers tamed,
Geloni; to all trees their native lands
Black ebony; the branch of frankincense
Of balsams oozing from the perfumed wood,
Of Aethiop forests hoar with downy wool,
Their silky fleece? Of groves which India bears,
Where not an arrow-shot can cleave the air
When girded with the quiver! Media yields
Of the blest citron-fruit, than which no aid
With simples mixed and spells of baneful power,
Large the tree's self in semblance like a bay.html">bay,
A bay it had been; for no wind of heaven
With it the Medes for sweetness lave the lips,
But no, not Mede-land with its wealth of woods,
.
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