It is used by companies that desire that their fiscal year always end on the same day of the week.
It is a method of managing accounting periods. It is a common calendar structure for some industries, such as retail, manufacturing and parking industry.
For more information see: https://en.wikipedia.org/wiki/4-4-5_calendar
The year may either:
end on the last X day of the Y month.
end on the last X day closest to the last day of the Y month.
X is a specific day of the week. Y is a certain month of the year
startingMonth = 1 corresponds to dates like 1/31/2007, 4/30/2007, ... startingMonth = 2 corresponds to dates like 2/28/2007, 5/31/2007, ... startingMonth = 3 corresponds to dates like 3/30/2007, 6/29/2007, ...
A specific integer for the day of the week.
0 is Monday
1 is Tuesday
2 is Wednesday
3 is Thursday
4 is Friday
5 is Saturday
6 is Sunday.
The month in which fiscal years end.
The quarter number that has the leap or 14 week when needed.
Method of employing 4-4-5 calendar.
There are two options:
"nearest" means year end is weekday closest to last day of month in year.
"last" means year end is final weekday of the final month in fiscal year.
DateOffset increments between business quarter dates for 52-53 week fiscal year (also known as a 4-4-5 calendar).
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