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    Definition of accounting period

    Dictionary of Accounting Terms: accounting period
    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. Quarterly (interim) financial statements are common and required of publicly owned companies.

    Dictionary of Business Terms: accounting period
    accounting period

    period covered by an income statement, such as January 1 through December 31 of a year; often a quarter, six months, or a year.

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