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The 4–4–5 calendar is a method of managing accounting periods, and is a common calendar structure for some industries such as retail and manufacturing.It divides a year into four quarters of 13 weeks, each grouped into two 4-week "months" and one 5-week "month".
April was the second month of the earliest Roman calendar, [3] before Ianuarius and Februarius were added by King Numa Pompilius about 700 BC. It became the fourth month of the calendar year (the year when twelve months are displayed in order) during the time of the decemvirs about 450 BC, when it was 29 days
The calendar year has 13 months with 28 days each, divided into exactly 4 weeks (13 × 28 = 364). An extra day added as a holiday at the end of the year (after December 28, i.e. equal to December 31 Gregorian), sometimes called "Year Day", does not belong to any week and brings the total to 365 days.
Leap week calendar with 4:5:4 weeks per month Hanke–Henry Permanent Calendar: solar: Gregorian: 2004 — Leap week calendar with 30:30:31 days per month, revised in 2011 and 2016 Igbo calendar: solar: Indigenous West African: 2009: Igbo people: Proposal [18] based in Igbo tradition dating back to 13th century, 13 lunar months of 28 days ...
In accounting (and particularly accounting software), a fiscal calendar (such as a 4/4/5 calendar) fixes each month at a specific number of weeks to facilitate comparisons from month to month and year to year. January always has exactly 4 weeks (Sunday through Saturday), February has 4 weeks, March has 5 weeks, etc. Note that this calendar will ...
The 52–53-week fiscal year (or 4–4–5 calendar) is used by companies that desire that their fiscal year always end on the same day of the week.Any day of the week may be used, and Saturday and Sunday are common because the business may more easily be closed for counting inventory and other end-of-year accounting activities.