Chapitre 2 - Financial statements II Closing the books At month- end, quarter- end and year- end, the trial balance of all accounts is reviewed, and adjusting entries or accounting adjustments are prepared to produce an adjusted trial balance. After the financial statements have been finalized, the revenue and expense accounts are reset for the next year and the closing procedure ends. Source : Adjusted Trial Balance, https://accountingproficient.com/financial- accounting/adjusted- trial- balance/ Financial statements must be filed or published, at least annually, for tax purposes. The figures shown may cover an accounting year, differing from the calendar year to coincide with the company's business cycle. & TECHNICAL TERMS A trial balance Adjusting entries or accounting adjustments An adjusted trial balance An accounting year A calendar year A business cycle Une balance générale (des comptes) de vérification Les écritures de clôture Une balance générale finale Un exercice fiscal ou comptable Une année civile, calendaire Un cycle économique 127https://www.accountingproficient.com/financial