Comment Re:Actual business reason to do this (Score 1) 308
Radio Shack's fiscal year ends December 31st. Circuit City's fiscal year ends February 28th. DNNC's fiscal year ends March 31st.
It's common and expected that retailers end their fiscal years a month or two late. Toys 'R' Us? February 1st. The Gap? February 1st. (Radio Shack is somewhat odd in this respect.)
Good accounting requires that Christmas rush, Christmas returns, post-Christmas "don't-make-me-inventory-this" sales and year-end inventory should all be counted in the same year.
DNNA's bean counters will not be amused. And they're Japanese, so expect seppuku rather than pink skips.
It's common and expected that retailers end their fiscal years a month or two late. Toys 'R' Us? February 1st. The Gap? February 1st. (Radio Shack is somewhat odd in this respect.)
Good accounting requires that Christmas rush, Christmas returns, post-Christmas "don't-make-me-inventory-this" sales and year-end inventory should all be counted in the same year.
DNNA's bean counters will not be amused. And they're Japanese, so expect seppuku rather than pink skips.
