accounting period

noun

1. a regular period of time, as a month or a year, for which an operative statement is drawn up.

Example Sentences

An independent panel found the Premier League did not have the jurisdiction to punish the Foxes as the club had been relegated to the Championship when their accounting period ended on 30 June 2023.

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Rangers announced a £17.2m loss for the year to June, up £4.1m from the previous accounting period, prompting a reduction to the first-team wage bill for this season.

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In September, Leicester City won an appeal against a possible points deduction for an alleged breach of financial rules, when an independent panel found the Premier League did not have the jurisdiction to punish the club as it had been relegated to the Championship when their accounting period ended.

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The company recorded a loss of £43m in 2023, following losses of about £70m in 2022 and more than £25m in the previous 17 month accounting period.

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Week commencing 25 March: Hearing for Everton's second charge, relating to three-year accounting period ending in 2022-23, takes place.

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