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  3. When you open the business section of any newspaper at the end of the year,

When you open the business section of any newspaper at the end of the year,

游客2023-10-17  29
问题     When you open the business section of any newspaper at the end of the year, all the reports seem to be about results for the fiscal year. But just like a school year or lunar year, the fiscal year is a little different from the regular calendar year.

    A fiscal year is a 12-month period that records the annual financial reports for businesses, organisations and governments. These records give shareholders and analysts information on how well the businesses are doing. They are also necessary because they help investors and other companies prepare for the future. All this preparation helps the economy continue to run smoothly.
    Starbucks Corp. released the record of its fourth fiscal quarter and the full fiscal year, which ended Oct. 1, on Nov. 16. "The record results we reported today for the fourth quarter and the full fiscal year are a testament to the overall health and strength of our global business," commented Troy Alstead, CFO. "The momentum we have built throughout the year continued in the fourth quarter, with the strength of same store sales growth demonstrating that our product innovation and overall store experience are resonating extremely well with our customers. As a result of the strong finish to fiscal 2011, Starbucks entered the new fiscal year well positioned to continue pursuing significant profitable growth opportunities. "
    The start date of the fiscal year is different in different businesses and countries. So, for example , the U. S. government begins its fiscal year Oct. 1 and the Australian government begins its July 1. Thailand starts its fiscal year in September. The United Kingdom and India have chosen a different fiscal-year system. In these countries, the fiscal year varies from April to March. In China, the fiscal year starts Jan. 2 and ends Dec. 31. France, Italy, Germany, Russia use the same fiscal year as China.
    Fiscal years don’t always start from January and end in December, however. When a business opens, it decides what month will start its fiscal year. In fact, many businesses don’t choose to follow the regular calendar year for their fiscal year because December is usually a very busy time. In the United Kingdom, many companies have continued to use the government fiscal year, which expires March 31, since they privatized. Nonetheless, the fiscal year and calendar year are the same in about over 60 percent of companies in the United States and the majority of businesses in England.
    In each fiscal year there are four quarters. Each is three months long and is often called a fiscal quarter. Businesses usually report results for each fiscal quarter as well as annual results for their fiscal year.
Questions 71 -75
Complete the summary with words from the passage, changing the form where necessary, with only one word for each blank.
    A fiscal year is a 12-month period used for calculating financial reports 【R1】______in businesses and other organisations. The reports are made for business people to understand how well they are doing and to prepare for the future. Fiscal years can follow the calendar year, but more often than not, they 【R2】______between countries or companies. The U. S. government begins its fiscal year in October while the Chinese government starts its in 【R3】______. In the U. S. and the U. K. , the 【R4】______of businesses use the same fiscal calendar as the government. However, some businesses choose to start in a 【R5】______month. [br]
选项
答案 vary
解析 (文章第四段提到“The start date of the fiscal year is different in different businesses andcountries”，由此可知会计年度的起始日期根据国家的不同而不同。vary意为“变化”。)
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