Interim Financial Reporting
Reporting for Periods Shorter Than One Year
Interim reporting provides financial statements for periods shorter than a full fiscal year, such as quarterly reports. These reports help investors and creditors monitor company performance throughout the year.
Tip
Each interim period is viewed as an integral part of the annual reporting period rather than as a completely separate accounting year.
Summary
Interim reports provide timely financial information while following most of the same recognition principles as annual reports.