Thus, individuals and estates with 2002-2003 fiscal years
cannot have any qualified dividends for that tax year.
accrual and calendar vs fiscal year
discrepancies, the character of income issues, basis and associated deductions, consolidated return questions, and special problems related to foreign transactions -- corporate information returns would likely prompt unnecessary requests for reconciliation, they would inject inefficiencies in a process that already works well.
The AICPA Tax Division has been working diligently to reform the fiscal year
election rules under Sec.
Preliminary Fourth Quarter and Fiscal Year
For the above-stated reasons, the Company's prior financial statements, and the related reports from the Company's independent registered public accountants, earnings statements and press releases, and similar communications issued by the Company, relating to periods commencing with the fiscal year
ended March 31, 1998 should no longer be relied upon.
As a result, the county's tax rate has been above average, totaling over 69 cents in fiscal year
For the fiscal year
ended June 30, 2005, FIU's operating revenues totaled $463.
The fiscal year
2006 budget included a modest increase in general fund outlays of less than 2%, a 4% pay increase for city employees, and the elimination of 53 full-time positions.
Based upon these corrections, the Company's current estimated earnings per share for the fiscal years
ended March 31, 2000, 2001, 2002, 2003 and 2004 are $0.
This adjustment is currently expected to result in reductions in operating income from previously reported amounts in the range of approximately $2 million to $5 million for each of the fiscal years
ended March 31, 2005, 2004 and 2003, and approximately $4 million to $6 million in the aggregate for earlier fiscal years
The Company previously announced that it intends to file its fiscal year
2004 Forms 10-K and 10-Q when, among other things, the independent auditors have finished their audit of the restated financial statements for the fiscal years
ended March 31, 2003 and 2002, and their audit of the financial statements for the fiscal year
ended March 31, 2004.
On its fiscal third quarter 2005 earnings conference call, Argon ST estimated fiscal year
2005 revenue to be in the range of $265 to $270 million, and earnings per share of $1.