Director / Editor: Victor Teboul, Ph.D.

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Independent and neutral with regard to all political and religious orientations, Tolerance.ca® aims to promote awareness of the major democratic principles on which tolerance is based.

What are financial years – and why are they different from calendar years?

By Michaela Rankin, Professor and Head, Department of Accounting, Monash University

Financial years create a standardised timeframe for business reporting, government budgeting and tax collection. But their start and end dates vary around the world.

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