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LSDefine

Simple English definitions for legal terms

accounting period

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A quick definition of accounting period:

Accounting period: A specific amount of time that is used for accounting purposes. This time period is often used by taxpayers to determine their income and related tax liability. It is a regular span of time that is used consistently for accounting purposes.

A more thorough explanation:

An accounting period is a specific length of time that is used for accounting purposes. It is a period of time that is used to determine income and related tax liability for a taxpayer.

For example, a company may use a calendar year as its accounting period. This means that all financial transactions that occur during the year will be recorded and reported on the company's financial statements for that year.

Another example is a fiscal year, which is a 12-month period that does not necessarily coincide with the calendar year. For instance, a company may choose to have its fiscal year run from July 1 to June 30.

The use of an accounting period allows for consistency and accuracy in financial reporting. It also helps to ensure that financial statements are prepared in a timely manner and that tax liabilities are accurately calculated.

accounting method | Accounting Research Bulletin

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16:22
having a masters degree is probably a positive, it shows you can do grad level coursework and probably generated a strong rec letter
@RightPlant: you have a great chance at Northwestern!
Chicago, also not a bad chance, but it is more of a crapshoot
Esp since they care more about GPA than LSAT
Would gulc be later tn? I submitted mine mid Oct so don’t think they will get back to me yet
Anyone think au will get back to us tomo?
16:26
I have no clue, I would think it would be later tn based on past waves
radio silence from cornell hey no news is good news ....
gulc was friday last week but i think it was cause of holiday
16:29
genuinely if its not today I WILL crashout.
Dkk
16:29
@jackfrost11770: Cornell had the WL wave!
oh radio silence on my end
16:32
UR2 at UVA
16:32
not really what i wanted given i have a new LSAT score coming but thems the breaks
Dkk
16:33
@jackfrost11770: Man, I watched a video summarizing the stuff I missed in Arcane. You know, all the boring mel and ambessa stuff and that shit is actually incredibly important to the lore. That stuff is all LeBlanc shit and LeBlanc is like one of the most powerful characters in league.
Dkk
16:33
At least, lore wise. It will get interesting.
if ive been at UR 2 or 3 for UVA am i cooked
also is there ucla wave tongith or is that late reporters?
TypicalTeapot
16:37
DEAN ANDY PLEAAAAAASE
recentboo
16:43
leblanc and vlad coming in last arc
ohh i guess no wave today
16:55
@SplitterusClitterus: yes lol
oo dkk can u send link? i'm curious
i know nothing abt league so this is all new to me
Dkk
16:58
Yeah sure
thanks!!
oh yeah the whole black rose stuff
i'm glad they upped the horror season 2, it's so well done both sound and graphic design wise
the whole scene w the chains reminded me of hellraiser, very cool
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