Considerations on Interim Financial Reporting

Author:Adriana Claudiţa GHIMIŞ, Ph. D Student, Rodica BĂLĂŞOIU, Ph. D. Student, Alexandrina Teodora BORFOAIA, Ph. D Student

JEL: M410

DOI:

Keywords:interim period, interim financial report, minimum content of an interim financial report, the form and content of the interim financial reports, materiality, principles of accounting recognition and measurement, estimates

Abstract:
The IAS 34 „Interim financial reporting” defines the minimum information content of an interim financial report and the accounting recognition and measurement principles that should be applied for the complete or simplified financial reporting drawn for an interim period. This Standard does not mandate which entities should publish interim financial reports, how frequently, or how soon after the end of an interim period. These matters should be decided at the level of each country, by national governments, security regulators stock exchange and accountancy bodies. \r\nThis standard applies if an entity is required or elects to publish an interim financial report in accordance with the International Financial Reporting Standards.\r\n\r\n

---