trading period

the period of trading between two successive sets of financial accounts. To comply with the requirements of company law and taxation authorities, companies generally adopt a one-year trading period, producing an ANNUAL REPORT AND ACCOUNTS at the end of each trading period. However, because for internal management control purposes, much more frequent results are generally required, a company may produce PROFIT AND LOSS ACCOUNTS and BALANCE SHEETS at monthly or even weekly intervals.

单词	trading period
释义	trading period trading period the period of trading between two successive sets of financial accounts. To comply with the requirements of company law and taxation authorities, companies generally adopt a one-year trading period, producing an ANNUAL REPORT AND ACCOUNTS at the end of each trading period. However, because for internal management control purposes, much more frequent results are generally required, a company may produce PROFIT AND LOSS ACCOUNTS and BALANCE SHEETS at monthly or even weekly intervals.
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