👉 Semiannually is a term used in accounting and finance to describe how often financial statements are prepared for each quarter. It refers to the time period during which a company prepares its financial statements, typically from January 1 through June 30 (or July 1 through August 31) or September 1 through December 31. This semiannual approach simplifies the process by reducing the number of periods in which the company must prepare its financial statements, making it easier for investors
