To all, This presents a problem with the persistent use of quarterly Income Statement reporting.
A customer at one time, Kroger, used 13 four week periods. I seem to recall that their fourth quarter included year end accounting adjustments as well as the 13th period, but I don't remember what time of the calendar year the 13th period occurred as I think they used a fiscal year. I don't think we could avoid the 365th or 366th days of the year. I read a proposal once that they be named New Year's Day at the beginning of the year and Leap Year's Day at the middle of the year respectively. Neither day would be considered a part of one of the 13 monthly periods A wholesale produce company that I worked for at that same time and before retiring used quarters of 4,4, and 5 weeks. Thus our months always ended on Saturday. Income tax law allows for this with the 52 week or 53 week year. Some American companies do this at the same time they continue to use feet, pounds, and gallons. So we still have to fight the battle to switch over to meters. kilograms, and litres. Norm Bob Price wrote on 2001December31 11:27 Subject: [USMA:17020] Alternative Calendar Since we are about to begin a new year I thought that I would bring up the subject of alternative calendars. I hope that I am not straying too far off topic. I realize that we will never have a "metric" calendar, but I always wondered if we could have the next best thing: a calendar in which there are 13 months. 12 months would have exactly four weeks, 28 days. The final month would have 29 days, 30 on leap years. In doing this, the day of the month is the same for every month of they year. In accounting everything would come out more evenly because all but the last period are equal. No more worrying about using a calendar month or a 13 period accounting system, you would only use the 13 month system. Perhaps one drawback would be another month end cycle each year. We could carry this another step further by excluding that final day(and leap days) from any week. In doing this we eliminate that yearly drift of what day of the week a date falls. Any thoughts?
