An accounting period is a specific length of time that is used for the purpose of preparing financial statements.
For example, a company may have an accounting period that covers the calendar year, in which case its accounting period would run from January 1 to December 31 of each year. Another company might have an accounting period that covers the fiscal year, which could run from April 1 to March 31 of the following year. The specific accounting period used by a company is usually determined by the company itself, but it may also be determined by regulatory requirements or other factors.
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