accounting period Meaning in the Cambridge English Dictionary
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Meaning of “accounting period” in the English Dictionary

"accounting period" in Business English

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accounting periodnoun [C]

uk   us   (also trading period)
ACCOUNTING a ​period of ​time at the end of which a ​company prepares a ​financialreport, for ​example after three, six, or twelve months: At the end of the ​accountingperiod, the ​revenueaccounts are ​totalled and the ​balance, ​positive or ​negative, ​transferred to the ​profit and ​lossaccount. The new ​rules will ​apply for ​accountingperiods beginning on or after 1 January.
(Definition of accounting period from the Cambridge Business English Dictionary © Cambridge University Press)
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