An annual accounting period refers to a 12-month timeframe in which a company must prepare and submit financial statements to stakeholders. Other terms commonly used to describe this period are financial year, fiscal year, or accounting year. Depending on the company's preferences, this period might coincide with the calendar year or span across a different time frame like April to March. In some cases, an accounting period might be described as a reporting period, financial cycle, or accounting cycle. Regardless of the terminology used, the focus of these periods is to provide an accurate representation of a company's financial health and performance to investors and regulators.