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Changing a company's FY - anything to watch out for?

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aster
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Changing a company's FY - anything to watch out for?

Post by aster » Fri, 25 Feb 2011 8:50 pm

Thinking of aligning my company's FY with the regular calendar year and just wondering how this works. I mean would it be the same for a company whose FY ends 31 Jan as for one whose FY ends November 30?

Does the FY being altered become shorter or longer, or does it depend on which month the FY ends in?

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