Exact graduation date?

Does anybody expect, when asking for a graduation date on an application, the actual day of the graduation? I have always assumed that month and year, or even just the year, were enough. I personally have no idea on which day of the month I graduated from high school or college.
I ask because my wife's employer is requesting it from her and she's asking me why and all I can tell her is that they must be idiots. Or am I wrong? Is there some reason you'd ask for that?

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