fiscal year end



0
Hello sir

My question is about why some foreign companies have their fiscal year ending december and some of them have fiscal year end in september. I am sending you two three links which shows some key statistics of the company along with their fiscal year end info.

http://in.finance.yahoo.com/q/ks?s=MSFT

http://finance.yahoo.com/q/ks?s=FB

http://in.finance.yahoo.com/q/ks?s=AAPL

http://finance.yahoo.com/q/ks?s=jpm

http://finance.yahoo.com/q/ks?s=ACN+Key+Statistics

Sir please clear my confusion.

Regards
Payal

2 Answer(s)


0

Fiscal year ending in septemeber is the most common in the USA. This is the fiscal year that is also used by the federal government.

However, in the USA companies are free to pick whatever fiscal year that is needed to suit their business cycles. For example, retailer close in january since december is their largest revenue month.

0

Sir Is this kind of freedom also provided by any other country or only USA has this kind of provision.