The time frame for which a business prepares its accounts, used to measure financial performance and position.
The chargeable account period, often refered to as the accounting period, is the specific time duration under consideration for which financial transactions are recorded and financial statements are prepared.
The time span over which financial activities and statements are assessed, often corresponding to an accounting period.
A reporting period is the specific span of time covered by a financial statement. This time frame is crucial as it provides stakeholders with the necessary context to evaluate a company’s financial performance and position.
