© 2015 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Accounting Period


An accounting period is usually a statement of what happened financially in the last quarter or year. Wall Street reporting matters. Tax status matters. Employee contracts matter. Union contracts matter. It all needs to be reconciled and reported on a regular basis.