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accounting period |
Also found in: Dictionary/thesaurus, Wikipedia | 0.06 sec. |
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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.
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? Mentioned in | ? References in periodicals archive | |
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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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