What is CRAs fiscal year?
CRA’s fiscal year ends on the last Saturday in November. CRA manages its business internally based on a four-week billing cycle to clients and establishes quarters that are divisible by four-week periods. As a result, the first, second, and fourth quarters of each fiscal year are 12-week periods and the third quarter of each fiscal year is a 16-week period. Our fiscal year will periodically contain 53 weeks rather than 52 weeks. In particular, fiscal 2002 contained 53 weeks, with the fourth quarter containing 13 weeks.
