Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “accounting period”

accounting period

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.
(Definition of accounting period from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of accounting period?
Add Cambridge dictionaries to your browser to your website

Word of the Day

give the green light to sth

to give permission for someone to do something or for something to happen

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More