Interim Financial Reporting - preparation and presentation of FS for a period less than one year.
Quarterly interim reports are the most common.
Public Traded Entities - semiannually; available 60 days after end of interim period
Revised Securities Act (covered by) - quarterly; 45 days after end of each three quarters
Rules on Commercial Papers and Financing Act - quarterly; 45 days after each quarter end
FS - most recent annual reports
Shall be anticipated or deferred:
-Uneven costs (obligation ex: warranty)
-Year end bonuses (obligation, reliable estimate)
-Paid vacation (accrued)
Shall not be:
-Occasional revenue
-Irregular cost (ex: charity contribution)
-Depreciation and amortization
-Gain and Loss
**
ΔΙΑΒΑΖΕΙΣ
Accounting
ΤυχαίοThis book is filled with accounting lessons specially crafted for accounting students and aspiring accountants. Dive into the world of numbers and financial know-how as I guide you through essential concepts and practical insights. Whether you're ju...
