An accounting period is a time span that covers certain accounting functions; it can be either a calendar or fiscal year, but also a week, month, or quarter, for example.

Accounting Period Details. An accounting period is a specific period of time a company has established when preparing financial documents. This reference time varies from company to company and is ...

Business happens in real time, but it can take time for everything else to catch up. This includes accounting. Sure, financial transactions may happen instantly, but account reconciliation happens at ...

This guide breaks down the accounting process into easy-to-follow steps that are repeatable every time a new accounting period begins. They are standardized for use across all types of business.

The accounting cycle is an eight-step process that accountants and business owners use to manage a company’s books throughout a particular accounting period—typically throughout the fiscal ...

Some accounting rules and principles are more common than others – the time period assumption is common to cash basis accounting and all variations on accrual basis accounting, these being the ...

To better advise their clients, in-house counsel should understand key accounting principles and steps in the accounting cycle, including journal entries, the general ledger, trial balances ...