What is an accounting period?

The time span between opening of financial statements (c/f previous balance sheet) & the closing of business transactions for final report is called accounting period.

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An accounting period is the span of time covered by a set of financial statements.

An accounting period is the span of time covered by a set of financial statements This period defines the time. which business transactions are accumulated into financial statements needed by investors

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An accounting period represents a period during which an entity must record each economic fact in order to prepare the annual accounts at the end of the period.

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Normally this is one year so as to derive the financial  position of the company.  It differs from country to country .  This is a statutory requirement for any institution to submit its financial position to the authorities

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An accounting period or accounting reference period  is a period in which an entity prepares it financial statements eg statement of financial position , statement of cash flow and statement of comprehensive income.