A calendar year runs from January 1 to December 31 each year. Companies are allowed to select a fiscal year that is different from the calendar year, which means not all companies’ financial statements are as of December 31. Here is a list of a variety of companies and their fiscal years: Amazon.com: Fiscal year […]
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Tag Archives: fiscal year-end
Which is healthier from a cash flow standpoint, Sears or Wal-Mart?
April 26, 2016 
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Sears Holding Corporation (SHLD) announced in April 2016 that it would be closing 68 Kmart and 10 Sears stores during the second half of 2016. The stores it is closing have not been profitable for Sears and it is looking to improve profitability with the closures. Similarly, Wal-Mart Stores, Inc., (WMT) announced in January 2016, […]
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Accounting in the Headlines 