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Accounting Period

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.01 sec.
accounting period

Accounting Period
1. The period of time reflected in financial statements. Usually, the accounting period is either the calendar year or a quarter. For example, publicly-traded companies must report their financial state for the accounting period since their previous report.

2. In the United Kingdom, the period for which corporate taxes are assessed.

Accounting Period
The period (normally 12 months) that a taxpayer uses to determine federal income tax liability. Unless a taxpayer makes a specific choice to the contrary, his accounting period is the calendar year.


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S has over 70 employees and totalled 140 million euros global turnover in the 200' accounting period (fiscal year finished on March 31st, 2005).
tax laws favor market insurance to stabilize or smooth earnings when the firm suffers large losses, especially in a single accounting period.
This statement is somewhat curious in that during the most recently reported accounting period, DCX out earned JCI.
 
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