- accounting period accounting period ➔ period
* * *accounting period UK US noun [C] (also trading period)► ACCOUNTING a period of time at the end of which a company prepares a financial report, for example after three, six, or twelve months: »
At the end of the accounting period, the revenue accounts are totalled and the balance, positive or negative, transferred to the profit and loss account.»
The new rules will apply for accounting periods beginning on or after 1 January.
Financial and business terms. 2012.
Look at other dictionaries:
accounting period — 1) (financial period; period of account) The period for which a business prepares its accounts. Internally, management accounts may be produced monthly or quarterly. Externally, financial statements are produced for a period of 12 months,… … Accounting dictionary
accounting period — Under the Companies Act 1985 an accounting period runs from one accounting reference date to the next (not less than six months and not more than eighteen months) for which a company prepares financial statements and statutory accounts. The… … Law dictionary
accounting period — (AP) A 4 week period that forms one thirteenth of the postal fiscal year. It begins on a Saturday and ends at the close of business on the Friday 4 weeks later … Glossary of postal terms
Accounting period — An accounting period is a period with reference to which United Kingdom corporation tax is charged. [Section 12 of the Income and Corporation Taxes Act 1988] It helps dictate when tax is paid on income and gains. An accounting period begins… … Wikipedia
accounting period — financial period; period of account The period for which a business prepares its accounts. Internally, management accounts may be produced monthly or quarterly. Externally, financial statements are produced for a period of 12 months, although… … Big dictionary of business and management
accounting period — The period of time, usually a year, used by a taxpayer in the determination of income and related tax liability. Unless a fiscal year is chosen, taxpayers must determine and pay their income tax liability by using the calendar year (i.e., January … Black's law dictionary
Accounting Period — 1. In general, the time period reflected by a set of financial statements. 2. In terms of taxation, it is the 12 month period a taxpayer uses to determine his or her income tax. The accounting period is usually the calendar year … Investment dictionary
accounting period — a regular period of time, as a month or a year, for which an operative statement is drawn up. * * * … Universalium
accounting period — defined and uniform period of time in which account activity is recorded … English contemporary dictionary
accounting period — /ə kaυntɪŋ ˌpɪəriəd/ noun a period of time at the end of which the firm’s accounts are made up … Dictionary of banking and finance