Accounting Period

The period for which a company prepares its accounts. Management accounts may be producedinternally on a monthly or quarterly basis, whilst financial accounts will be made for a period of one year. An accountingperiod starts when a company begins trading and ends either:

  • one year after starting to trade
  • at the end of the period of account, or
  • at the start of a winding-up of operations

 

reference: Glossary of Financial Terms | Southampton.ac.uk

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