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accounting period

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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 their income tax.

Notes:

The accounting period is usually the calendar year.

accounting period

See fiscal period.

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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).

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