Accounting Period

Views Updated: Dec 15, 2025

Abbreviation

Pronunciation

/əˈkaʊnɪŋ ˈpɪriəd/

Accounting period is normally divided into one year, one quarter or one month.
It explains the results and causes of the net cash increase or decrease during the accounting period.
In many cases, business transactions affect the net income for more than one accounting period.
The cost of depreciation and expired insurance may be recorded as adjustments at the end of the accounting period.
A cost that will benefit more than one accounting period usually is recorded by debiting an asset account.

Associated Press Community

Analog Phone Misc

Armor Penetrating Misc

Always Perfect Misc

Always Partisan Misc

Audemars Piguet Business

Approved Product Business

Alternative Power Computing

Australian Parents Regional

Admissions Preference Academic