Accounting Period
What is an Accounting Period?
An accounting period is the time period between the preparation of financial reports.
![ACPER diag 1](https://seeaccountingnow.online/wp-content/uploads/2020/03/ACPER-diag-1.jpg)
How it Works
An accounting period can be annual, semi-annual, quarterly, or even monthly.
![](https://seeaccountingnow.online/wp-content/uploads/2020/03/ACPER-diag-2.jpg)
Whatever the case, each accounting period is punctuated by the preparation of financial reports.
![](https://seeaccountingnow.online/wp-content/uploads/2020/03/ACPER-diag3.jpg)
© R.J. Hickman 2020