Interim Financial Reporting
- Source:
- PricewaterhouseCoopers
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Overview: Financial information is more useful if it is frequent and timely. Although there is no requirement under IFRS for interim financial information to be prepared, however regulators increasingly require either semi-annual or quarterly reports. An entity whose annual financial statements are prepared in accordance with IAS follows the guidance in IAS 34 with respect to interim financial reporting. A choice is provided between preparation of full financial statements in accordance with IFRS for the interim period or the preparation of condensed financial information. Article also discusses the objective of interim financial reporting, information to be presented basis of measurement and other matters/disclosures.
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Format: HTML | Date: Jan 2002 | Pages: 1





