The accounting period ends on December 31, 2020.

For the purpose of financial reporting and reporting entities, the accounting period is from January 1
through December 31. The accounting period may be adjusted for certain events that occur after
reporting date (i.e., after December 31). The accounting for events after reporting period is the process of
taking an event that occurred during the reporting period and accounting for it in the next reporting
period. This is done to account for how your company's financials would have looked if you had reported
on the event in that manner.