A calendar year-endreporting periodis defined as a "December 31st," "12-month" period which ends on December 31st.In this context, it means that an organization's fiscal year, used for financial reporting,taxation, and other accounting purposes, aligns with the calendar year, beginning on January 1st and ending on December 31st. This standard time frame simplifies financial reporting and allows for easier comparisons between differentbusinessesand periods.Many countries and organizations adopt this calendar year as their fiscal year to maintainconsistencyand facilitate the regulatory and tax requirements that are tied to the end of the calendar year. It provides a clear, easily understandable timeline for financial planning, auditing, and decision-making.To know more aboutreporting period:brainly.com/question/33817882#SPJ12...

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