| a regular period of time, as a month or a year, for which an operative statement is drawn up. |
Accounting Period
1. In general, the time period reflected by a set of financial statements.
2. In terms of taxation, it is the 12-month period a taxpayer uses to determine their income tax.
Investopedia Commentary
The accounting period is usually the calendar year.
See also: Deferred Income Tax, Estate Tax, Income Tax