Ablang <HilaryDuffFutureWife@ablang-duff.com> wrote in message news:<Xns9496A162E4A3602212004@195.131.52.135>...
How did the fiscal year get created, and why? I"m wondering why
companies/businesses can't go by a calendar year?
The most obvious use is for businesses that have a seasonal cycle that
doesn't match the calendar year. Retailers often have a fiscal year
ending January 31 because they make a large fraction of their sales in
December and into January, then need to count inventory before closing
the year.
--
Chris Green
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