Accounting period

Accounting period
An accounting period is an interval of time covered by a set of financial statements. With respect to tax accounting, the accounting period refers to the 12 months of activity reported in the calculation of income taxes.

Accounting Period
The accounting period refers to the timespan, usually a one year period, in which a company produces a set of accounts. This will involve income, expenses and profits. The two main statements are ...

accounting period
time covered by financial statements, which can be for any length but is usually annual, quarterly, or monthly. The annual financial statements may be on a calendar or fiscal year basis.

accounting period
Accounting
time between financial reports a length of time for which businesses may prepare internal accounts so as to monitor progress on a weekly, monthly, or quarterly basis.

ACCOUNTING PERIOD - the time period for which accounts are prepared, usually one year.
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accounting period A period of time covered by an accounting report.
accounting system A systematic process of recording and reporting the financial information resulting from business transactions.

Accounting Period: A period of time, (month, quarter, year), for which a financial statement is produced.

Accounts Receivable: This represents the amount due to a business by its customers at a given point in time.

Accounting period: 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.

Accounting period
The period of time for which financial statements are produced - see also financial year.
Accounting rate of return (ARR) ...

ACCOUNTING PERIOD - Any period of time designated for which financial statements are prepared. Refer to FISCAL PERIOD.

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 his or her income tax.

Accounting period - Refers to the time period for which accounts cover, usually it is one year. In Hong Kong the accounting year is from April 1st to March 31st.

Accounting Period
An accounting period is a period of time reflected in financial statements . It is typically a year, a quarter or a month.
Accrued Interest ...

Accounting period covering 12 consecutive months over which a company determines earnings and profits. The fiscal year serves as a period of reference for the company and does not necessarily correspond to the calendar year.
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Accounting period
The accounting period is a length of time that divides the life of a business for the purpose of preparing periodic financial statements.
Accounting rate of return ...

An accounting period. At the end of a fiscal period, a company's books are closed and profit or loss is calculated.

An accounting period consisting of 12 consecutive months.
Fixed-Income Securities: ...

A 365-day accounting period for which a company or mutual fund prepares financial statements.
Fixed Asset ...

Change your accounting period.
Tax on a short period tax return is figured differently for each situation.
Not in Existence Entire Year ...

A company's yearly accounting period.
A firm's fiscal year is often, but not necessarily, the same as the calendar year.

Fiscal Year An accounting period of 365 days (366 in leap years) for which a mutual fund prepares financial statements and performance data. Not necessarily the same as the calendar year (January 1 through December 31).

Fiscal Year: An accounting period covering 12 consecutive months, i.e. the State of Kansas' fiscal year is July 1 of any year to June 30 of the next.

Tax period - an accounting period of one or three months (depending on annual turnover) which applies to GST and Business Activity Statements. Quarterly tax periods end on 31 March, 30 June, 30 September and 31 December.

[Harvey] accounting period A period at the end of which and for which financial statements are prepared.

account statement Any document designed to summarize and record all transaction activity in a given accounting period, usually annual or monthly. accountant Any trained and qualified person with the requisite skills and knowledge to...

Deferred income Income received during an accounting period for goods and services not yet supplied.... Deferred shares Shares that have lesser rights than ordinary shares in receiving dividends or repayments of capital....

Accounting period: A specific time period covered by the financial statements of a business.
Accounting system: The specific system of record-keeping used to set up the accounting records of a business.

Accounting period: that time period, typically one year, to which financial statements are related.
Accounting policies: the specific accounting bases selected and followed by a business enterprise (e.g.

Accounting Period
Accounting Rate of Return - ARR
Accounts payable
Accounts Payable - AP
Accounts receivable
Accounts Receivable - AR
Accounts receivable aging
Accounts receivable financing
Accounts receivable turnover
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Debts of a company which are not due for repayment in the next accounting period....(Read more)
Long-term
The expressions short-term, medium-term and long-term mean different things in different contexts and different things to different people. .

Straight-line depreciation Amortizing or apportioning an equal dollar amount of depreciation in each accounting period.

Period costs, such as office salaries or selling expenses, are immediately recognized as expenses (and offset against revenues of the accounting period) also when employees are paid in the next period.

Therefore, commission expense should be recorded in the same accounting period as the sale. Likewise, the cost of inventory delivered to a customer should be expensed when the sale is recognized.

Cash flow is a measure of changes in a company's cash account during an accounting period, specifically its cash income minus the cash payments it makes.

It's not uncommon to see discretionary financial decisions made either immediately before or after the end of an accounting period. This happens big time in publicly traded firms.

ACCOUNTING PERIOD -- A period of time used by taxpayer for the determination of tax liability
ACCOUNTS PAYABLE -- A list of the debts currently owed by a person or business, mainly for the purchase of services, inventory, and supplies ...

In investing, however, earnings is more likely to describe what is left over in a given accounting period after all revenues and gains, and all expenses and losses, have been totaled. Thus earnings per share means net income per share.

In any one given accounting period, you should try to match the revenue you are reporting with the expenses it took to generate that revenue in the same time period, or over the periods in which you will be receiving benefits from that expenditure.

Central accounting record of an organization, summarizing changes in financial position as transactions are posted during an accounting period.

An adjusting entry made at the end of the accounting period in order to report (1) revenues that have been earned but have not yet been entered into the accounting records, ...

Making changes in your accounting period. If you want to switch from a calendar year to a fiscal year (or vice versa), you'll need permission from the IRS, and to get that, ...

An Income Statement, no matter how well prepared, does not provide an exact measurement of net income for the accounting period. No matter how hard you try, it is impossible to get an exact match. Consider, for example, an advertising expense.

Cash Flow - Measurement of cash a company gained or lost during an accounting period and adjusted for any previous accounting for accruals and other non-cash transactions.

The allocation of a portion of the value of an asset to a specific accounting period continuously throughout the estimated useful life of the asset.

The term closing refers to procedures that take place at the end of an accounting period, which is at the end of the year. Adjusting entries are made. The income and expense accounts are closed.

In a particular accounting period, the amount of income received by an investment company from dividends and interest (minus any management fees and administrative expenses) divided by the number of outstanding shares.

The 12-month accounting period used in connection with an issue of bonds. Bond Year Ending refers to the last day of that accounting period and therefore defines the period.

The routine steps in processing accounting data during an accounting period. In sequence, 1) occurrence of the transaction, 2) classification of each transaction in chronological order (journalizing), 3) recording the classified data in ledger ...

Depreciation expense describes the allocation of the cost of this usage into the income statement in accounting periods when the benefits are generated.

adjusting entries are accounting entries made at the end of an accounting period to allocate items between accounting periods.
adverse An audit opinion that the financial statements as a whole are not in conformity with U.S. GAAP.

An accrual is done at the end of an accounting period (usually monthly) to record costs which have been incurred but not paid for or previously recorded, and to record revenue which has been earned but not received or previously recorded.

The basic steps in processing accounting data during an accounting period: 1) transaction occurs, 2) transaction classified (entered into journal), 3) recording the classified data in ledger accounts (posting), 4) preparation of financial statements ...

A 12-month period used by an organization as the accounting period. Can begin on any date. Is used as the time frame for financial reporting, preparation of profit and loss statements, etc.
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A cost which has been incurred before the end of an accounting period, but for which no invoice has yet been received. Such payables are known as accruals.

An accounting methodology which takes account of accrued as well as actual expenses and revenue during the relevant accounting period.

The profits of a company are calculated by reference to its accounting periods and are then, where necessary, apportioned on a time basis between the financial years in which the accounting period falls.

An asset created under a type of accrual accounting used when firms such as contractors incur expenses in accounting periods that are repaid in subsequent accounting periods.

ROE is the amount, expressed as a percentage, earned on a company's common stock for a given accounting period. It is calculated by dividing a company's earnings by the average stockholders' equity throughout the accounting period.

The total of all claims sustained during an accounting period, whether paid or not. Also known as losses incurred.
Claims ratio
Claims incurred, adjusted for any reinsurance, expressed as a percentage of net premiums earned.

Despite a company's efficiency and profit record, each accounting period brings new competition, changing economic conditions, and challenges to continued existence.

See also: Expense, Values, Banks, Saving, Bills