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Reporting Period shall begin on the first day of each calendar quarter and end on the last day of such calendar quarter.

A reporting cycle is the specified time when a business's financial statements must be recorded and analyzed by internal and external entities to understand its current standing. The cycles are made up of different reporting periods, also known as accounting periods.

A reporting period is a month, quarter, or a year for which the financial statement of an organization is prepared for external use uniformly over some time so that the financial statements are comparable and understandable by the general public or the user of the financial statements.

Reporting Period Example For example, Company ABC follows a normal calendar year that starts on the 1st of January and ends on the 31st of December. After the first 3 months, it could report the financial results for Q1, which is the first quarter of the year; namely, January, February and March.

The REPORTING PERIOD START DATE and REPORTING PERIOD END DATE are inclusive within the REPORTING PERIOD. For example, a REPORTING PERIOD of 1st October to 31st October includes any activity occurring on the 1st October and 31st October as well as all other dates within October.

Types of Financial Statements: Income Statement. Typically considered the most important of the financial statements, an income statement shows how much money a company made and spent over a specific period of time.

An accounting period is any time frame used for financial reporting. Transactions that fall within a given date range form part of the statements or reports for that accounting period. An accounting period, or reporting period, is often 12 months. There may be different accounting periods for various business tasks.

A reporting period is the time span for which a company reports its financial performance and financial position. A company can choose to use the traditional calendar year of 12 months or adopt a 12-month fiscal year.