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Meaning of "accounting period" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF ACCOUNTING PERIOD

accounting period  [əˈkaʊntɪŋ ˈpɪərɪəd] play
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GRAMMATICAL CATEGORY OF ACCOUNTING PERIOD

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Accounting period is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES ACCOUNTING PERIOD MEAN IN ENGLISH?

Accounting period

An accounting period, in bookkeeping, is the period with reference to which accounting books of any entity are prepared. It is the period for which books are balanced and the financial statements are prepared. Generally, the accounting period consists of 12 months. However the beginning of the accounting period differs according to the jurisdiction. For example one entity may follow the regular calendar year, i.e. January to December as the accounting year, while another entity may follow April to March as the accounting period. The International Financial Reporting Standards allow a period of 52 weeks as an accounting period instead of a proper year. This method is known as the 4-4-5 calendar in British and Commonwealth usage and the 52–53-week fiscal year in the United States. In the United States the method is permitted by generally accepted accounting principles, as well as by US Internal Revenue Code Regulation 1.441-2 . In some of the ERP tools there are more than 12 accounting periods in a financial year.

Definition of accounting period in the English dictionary

The definition of accounting period in the dictionary is a period of time for which accounts are drawn up.

WORDS THAT RHYME WITH ACCOUNTING PERIOD


Bayard
ˈbeɪəd
beard
bɪəd
desired
dɪˈzaɪəd
disappeared
ˌdɪsəˈpɪəd
eared
ɪəd
hand-reared
ˌhændˈrɪəd
Hilliard
ˈhɪlɪəd
inspired
ɪnˈspaɪəd
layered
ˈleɪəd
myriad
ˈmɪrɪəd
period
ˈpɪərɪəd
photoperiod
ˌfəʊtəʊˈpɪərɪəd
required
rɪˈkwaɪəd
retired
rɪˈtaɪəd
revered
rɪˈvɪəd
subperiod
ˈsʌbˌpɪərɪəd
tired
ˈtaɪəd
undesired
ˌʌndɪˈzaɪəd
weird
wɪəd
wired
waɪəd

WORDS THAT BEGIN LIKE ACCOUNTING PERIOD

account holder
account number
account payable
account receivable
accountability
accountable
accountableness
accountably
accountancy
accountant
accountantship
accounting
accounting policy
accounting practices
accounting procedures
accounting standards
accounting system
accounting year
accounts
accounts department

WORDS THAT END LIKE ACCOUNTING PERIOD

base period
consultation period
cooling-off period
critical period
development period
Edo period
free period
glacial period
grace period
honeymoon period
incubation period
latency period
latent period
menstrual period
payback period
peak period
Question Period
refractory period
rest period
study period
trial period

Synonyms and antonyms of accounting period in the English dictionary of synonyms

SYNONYMS

Translation of «accounting period» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF ACCOUNTING PERIOD

Find out the translation of accounting period to 25 languages with our English multilingual translator.
The translations of accounting period from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «accounting period» in English.

Translator English - Chinese

会计期间
1,325 millions of speakers

Translator English - Spanish

período contable
570 millions of speakers

English

accounting period
510 millions of speakers

Translator English - Hindi

लेखांकन अवधि
380 millions of speakers
ar

Translator English - Arabic

الفترة المحاسبية
280 millions of speakers

Translator English - Russian

Отчетный период
278 millions of speakers

Translator English - Portuguese

período contabilístico
270 millions of speakers

Translator English - Bengali

নির্দিষ্ট হিসাব
260 millions of speakers

Translator English - French

période comptable
220 millions of speakers

Translator English - Malay

Tempoh perakaunan
190 millions of speakers

Translator English - German

Abrechnungszeitraum
180 millions of speakers

Translator English - Japanese

会計期間
130 millions of speakers

Translator English - Korean

회계 기간
85 millions of speakers

Translator English - Javanese

Periode akuntansi
85 millions of speakers
vi

Translator English - Vietnamese

kỳ kế toán
80 millions of speakers

Translator English - Tamil

கணக்கியல் காலம்
75 millions of speakers

Translator English - Marathi

लेखाचा कालावधी
75 millions of speakers

Translator English - Turkish

Hesap dönemi
70 millions of speakers

Translator English - Italian

periodo contabile
65 millions of speakers

Translator English - Polish

okres rozliczeniowy
50 millions of speakers

Translator English - Ukrainian

звітний період
40 millions of speakers

Translator English - Romanian

perioade contabile
30 millions of speakers
el

Translator English - Greek

λογιστική περίοδο
15 millions of speakers
af

Translator English - Afrikaans

rekeningkundige tydperk
14 millions of speakers
sv

Translator English - Swedish

räkenskapsperiod
10 millions of speakers
no

Translator English - Norwegian

regnskapsperiode
5 millions of speakers

Trends of use of accounting period

TRENDS

TENDENCIES OF USE OF THE TERM «ACCOUNTING PERIOD»

The term «accounting period» is regularly used and occupies the 98.553 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
54
/100
The map shown above gives the frequency of use of the term «accounting period» in the different countries.
Principal search tendencies and common uses of accounting period
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «accounting period».

FREQUENCY OF USE OF THE TERM «ACCOUNTING PERIOD» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «accounting period» during the past 500 years. Its implementation is based on analysing how often the term «accounting period» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about accounting period

EXAMPLES

10 ENGLISH BOOKS RELATING TO «ACCOUNTING PERIOD»

Discover the use of accounting period in the following bibliographical selection. Books relating to accounting period and brief extracts from same to provide context of its use in English literature.
1
Accounting the Easy Way
Merchandise purchased in a previous accounting period that remains unsold into the current accounting period is known as MERCHANDISE INVENTORY. This inventory at the beginning of the new accounting period is known as beginning ...
Peter J. Eisen, 2003
2
Management Accounting for the Hospitality, Tourism and ...
(ii) The gross profit on sales has been calculated at 55% for accounting period 1; 60% for accounting periods 2 and 3. (iii) The level of stock remains at £1,500 throughout the period. All purchases are on one accounting period's credit. A cash ...
Debra Adams, 2006
3
Accounting: Concepts and Applications
I_O i Closing the Books } WHAT Complete the closing process in the accounting cycle. i WHY Closing entries bring the income statement accounts back to a zero balance, which makes the accounts ready for a new accounting period. P HOW ...
W. Albrecht, James Stice, Earl Stice, 2010
4
Financial Accounting for Management
certain number of weeks as an accounting period. However, generally, as a convention, most enterprises try to have a uniform length of accounting period, to permit a period-to-period comparison of the results. The crux of the matter is that the ...
N Ramachandran,Ram Kumar Kakani, 2005
5
Accounting
YOU. SHOULD. REMEMBER. Closing entries are recorded at the end of the accounting period. These entries close the temporary capital accounts, and the resulting balances either increase or decrease the proprietor's permanent capital.
Peter J. Eisen, 2000
6
Accounting For Management
(ii) Items of expenditure, incurred during the previous accounting period, which will now become expenses during the current accounting period. In such cases, the assets or the prepaid expenses, representing the expenditure in the balance  ...
Mathur, 2011
7
Business Review Series: Accounting, 5th Ed.
The business fails to pay the rent by December 31, which is the end of the accounting period. The following journal entry represents the adjusting entry that the accountant would prepare on December 31, 200-. 200- Dec. 31 Rent Expense 500 ...
Peter J. Eisen
8
Financial Accounting
First, the accounting period has to be determined for computing the business income. A pre-determined and specified period of time is the basic need for the measurement of business income. Generally, the accounting period is of 12 months, ...
Rajasekaran V., 2011
9
Accounting For Management: Text And Cases,
However, expenses are entirely different in their concept and represent the sacrifice made or the goods or benefits received or assets consumed during an accounting period. In the above case, the expense for the accounting period would ...
S K Bhattacharyya, 2009
10
Australian Income Tax Legislation 2011: Income Tax ...
(i) if that statutory accounting period began on or after 1 July 1997 — an unlisted country; or (ii) if that statutory accounting period began before 1 July 1997 — an unlisted country (within the meaning of this Act as in force immediately before 1 ...
Australia, Cch, 2011

10 NEWS ITEMS WHICH INCLUDE THE TERM «ACCOUNTING PERIOD»

Find out what the national and international press are talking about and how the term accounting period is used in the context of the following news items.
1
Indian Tycoon Plans to Invest $2.5 Billion in Brazil Oil and Gas
In the 18-month accounting period ended Dec. 31, consumer durables accounted for 90 percent of the 171 billion rupees ($2.7 billion) in sales, ... «Bloomberg, Jul 15»
2
FAI boss Delaney's furniture firm lines up healthy profit
It was owed €109,650 from debtors at the end of the accounting period, while debts of €32,386 were scheduled to fall due within one year. «Irish Independent, Jul 15»
3
Emirates Empire Strikes Back
... stockholder Investment Corporation of Dubai (ICD) during the 2008/2009 accounting period, with the purpose of “not presenting a misleading ... «Air Cargo News.com, Jul 15»
4
New FCA quarterly consultation paper includes proposals to reflect …
... clarify that for the relevant entities with an accounting period ending on or before 30 September 2015, the existing LR provisions will apply. «Lexology, Jul 15»
5
W&O parent company suffered £3m loss before agency's demise
... more local business for the event agency, but the documents later note W&O's demise nine months after the end of the accounting period. «Meetpie, Jul 15»
6
One Direction's Harry Styles & Louis Tomlinson made £1 million for …
The accounting period was for the twelve months leading up to May 2014, at which stage the tour had only just began it's 69 date run. The boys ... «Unreality TV, Jul 15»
7
Sanlam netted £19.5m from Intrinsic sale
As the company acts mainly as the strategic holding company for the group, it was not expected to make profits in the accounting period.'. «Citywire.co.uk, Jul 15»
8
The Administrative Council of the European Patent Organisation …
The Accounts for the 2014 accounting period were unanimously approved by the Council, which, following the Board of Auditors ... «European Patent Office, Jun 15»
9
Councils using growing reserves to meet spending commitments …
The data shows that of the £19.8bn reserves held by councils in April 2014, the most recent full accounting period for which figures are ... «Local Government Chronicle, Jun 15»
10
Clogau Gold boosted by online sales
... the accounts, the directors said: "The brand's performance has benefitted from increased consumer confidence during this accounting period, ... «Insider Media, Jun 15»

REFERENCE
« EDUCALINGO. Accounting period [online]. Available <https://educalingo.com/en/dic-en/accounting-period>. Apr 2024 ».
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