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Essay text:
This article discusses fiscal year and the abilities of companies to close the books quickly to access real-time financial results, which, in turn, lead to better decision making. Companies spend or invest funds in projects that hopefully make the firm more profitable, having real-time financial results would make this more efficient. Faster closings means more time for the company to process the numbers, also a rapid close is a sign of the efficiency and success of management and the company. If management has real-time financial results it allows them to respond more efficiently to changes in the market, which, in turn, help investors make significant investment decisions...
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