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How are accounting periods defined?

Accounting periods are standard periods of time by which financial results are measured. The following list is how NC State’s Financial System identifies each accounting period and its corresponding code:

0 – Beginning Balance
1 – July
2 – August
3 – September
4 – October
5- November
6- December
7- January
8 – February
9 – March
10 – April
11 – May
12 – June
998 – Year End close (13th month)

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Updated on August 2, 2022

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