accounting period
noun[C]
ukus(alsotrading period)ACCOUNTING
aperiodoftimeat the end of which acompanypreparesafinancialreport, forexampleafter three, six, or twelvemonths:
At the end of theaccountingperiod, therevenueaccountsaretotalledand thebalance,positiveornegative,transferredto theprofitandlossaccount.
The newruleswillapplyforaccountingperiodsbeginningon or after 1January.