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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Accounting Period

Definition:

An accounting period is usually a statement of what happened financially in the last quarter or year.

Here's what matters:

  • Wall Street reporting
  • tax status
  • employee contracts
  • union contracts

It all needs to be reconciled and reported on a regular basis.