About: 4-4-5 Calendar   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

The 4–4–5 calendar is a method of managing accounting periods. It is a common calendar structure for some industries, such as retail, manufacturing and parking industry. The 4–4–5 calendar divides a year into 4 quarters. Each quarter has 13 weeks which are grouped into two 4-week "months" and one 5-week "month". The grouping of 13 weeks may be set up as 5–4–4 weeks or 4–5–4 weeks , but the 4–4–5 seems to be the most common arrangement.

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  • 4-4-5 Calendar
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  • The 4–4–5 calendar is a method of managing accounting periods. It is a common calendar structure for some industries, such as retail, manufacturing and parking industry. The 4–4–5 calendar divides a year into 4 quarters. Each quarter has 13 weeks which are grouped into two 4-week "months" and one 5-week "month". The grouping of 13 weeks may be set up as 5–4–4 weeks or 4–5–4 weeks , but the 4–4–5 seems to be the most common arrangement.
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abstract
  • The 4–4–5 calendar is a method of managing accounting periods. It is a common calendar structure for some industries, such as retail, manufacturing and parking industry. The 4–4–5 calendar divides a year into 4 quarters. Each quarter has 13 weeks which are grouped into two 4-week "months" and one 5-week "month". The grouping of 13 weeks may be set up as 5–4–4 weeks or 4–5–4 weeks , but the 4–4–5 seems to be the most common arrangement. When a 4–4–5 calendar is in use, reports with month-by-month comparisons or trend over periods do not make sense because one month is 25% larger than the other two. However, you can still compare a period to the same period in the prior year, or use week by week data comparison. Its major advantages over a regular calendar are that the end date of the period is always the same day of the week, which is useful for shift or manufacturing planning, and that every period is the same length. One disadvantage of the 4–4–5 calendar is that it has 364 days (7 days * 52 weeks), so approximately every 5 years there will be a 53-week year, which can make year on year comparison difficult.
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