The period of time over which accounting transactions are summarised, at the end of which financial statements are prepared
A period of time, (month, quarter, year), for which a financial statement is produced.
Generally, a one-year period of time which ends on the anniversary date of the issuance of the Letters of Authority. The annual account will cover activity occurring during this one-year period. All accounts for conservatorships and supervised estates must be filed within 56 days after the anniversary date of the issuance of the Letters of Authority. For example, if the fiduciary was appointed by the court on February 5, 2002, signed his Acceptance of Appointment on February 11, 2002, and the court issued him Letters of Authority on February 12, 2002, the accounting period would be from February 12, 2002 to February 12, 2003. The Account would have to be filed within 56 days (8 weeks) after February 12, 2003, which would be April 9, 2003.
Any period of time designated for which financial statements are prepared. Refer to FISCAL PERIOD.
The 12-month period used by a taxpayer to calculate his federal income tax liability. Unless a specific fiscal year is chosen, a taxpayer’s accounting period is the January-to-December calendar year.
The period between two balance sheets, usually a year.
the period from the previous accounting date to this accounting date.
An accounting period is a period of time reflected in financial statements. It is typically a year, a quarter or a month.
A 4-week period that comprises one thirteenth of the postal fiscal year.
Most individuals or trusts must use a standard calendar year. However, some corporations and estates may elect a fiscal year not ending in December.
A time period for which financial records are maintained and at the end of which financial statements are prepared
A specific period of time for recording and reporting financial activity; usually a month or a year.
the period of time over which profits are calculated. Normal accounting periods are months, quarters, and years (fiscal or calendar).
A time interval at the end of which an analysis is made of the information contained in the bookkeeping records. Also the period of time covered by the profit and loss statement.
The 12-month period you use as your tax year when filing a tax return. Most individual tax returns cover a calendar year. If a calendar year is not used, the accounting period is a fiscal year. The accounting period (tax year) is chosen when you file your first income tax return. The period cannot be longer than 12 months.
The 12-month period 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.
Are calendar months. Also see financial year.
The period on which your accounts are based. Usually this includes the twelve months of your Financial Year. The rules concerning your accounting periods during the starting and final years of your business can be complicated.
The period covered by an income statement (e.g., month, year).
The period for which accounts are prepared. An accounting period should not normally be longer than 18 months.
Date chosen by the creator of a new journal that signifies the period they plan to post the entry to the accounting system. Note: if the approver of an entry does not approve the journal in time to meet the deadlines for the period chosen by the preparer, the journal will be posted in the period during which the journal is approved. You cannot post an entry to a closed accounting period.
Under the Companies Act 1985 an accounting period runs from one accounting reference date to the next (not less than six months and not more than eighteen months) for which a company prepares financial statements and statutory accounts. The profit and loss account relates to the whole period but the balance sheet is taken on the last day of this period (Section 224 and Part VII of the Companies Act 1985).
The time that elapses between the preparation of financial statements.
An accounting period is a period with reference to which United Kingdom corporation tax is chargedSection 12 of the Income and Corporation Taxes Act 1988. It helps dictate when tax is paid on income and gains. An accounting period begins whenever a company comes within the corporation tax charge, and whenever an accounting period ends without the company ceasing to be within the charge.