Review of Interim Financial Information
Monday Sep 5, 2016

What is Interim Financial Information?

Interim financial information means financial information or statements covering a period less than a full year or for a 12-month period ending on a date other than the entity’s fiscal year end. Interim statements increase communication between companies and the public, and provide investors with up-to-date information between annual reporting periods.

Objectives and Uses of Interim Financial Information
To estimate annual earnings;
To make projections;
To identify turning points;
To evaluate management performance;
To supplement the annual report.

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