Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of interim financial statement

Definition of

interim financial statement

Finance

financial statement for part of tax year only a financial statement that covers a period other than a full fiscal year. Although UK companies are not legally obliged to publish interim financial statements, those listed on the London Stock Exchange are obliged to publish a half-yearly report of their activities and a profit and loss account that may either be sent to stockholders or published in a national newspaper. In the United States, the practice is to issue quarterly financial statements.

Related definitions of "interim financial statement"

Recommended Further Reading (Term count)
  • Has Financial Reporting Impacted on Internal Auditing Negatively?
    by Andrew Chambers
    It was unfortunate that the Institute of Internal Auditors (IIA) released its first consulting Standards, to add to its already existing assurance Standards, at exactly the time when Enron collapsed. “Implementation Standards” set out how the “Attribute Standards” and “Performance Standards” should be applied in the context of either assurance or consulting work. In 2007 the IIA announced that it had no plans to release further sets of...
interim financial statement - Related Articles

  • Understanding Key Financial Terms and Statements

    Checklists

    such as “sales” to the more complex and obscure such as “EBITA.” While audited accounts are intended to ensure that the company’s interim and full-year trading statements provide a truthful assessment as to how the company has fared during the specified trading period, investors frequently pay particular attention to the “outlook” or “prospects” section of a company review, on the basis that stock valuations are heavily geared to perceptions of future earnings

  • Has Financial Reporting Impacted on Internal Auditing Negatively?

    Best Practice

    The team’s approach was first to develop a plan, with dates, for rolling out the project. It then identified and documented all the processes that could have a material impact on the multinational’s financial statement assertions. This included identifying and documenting the key controls within
    By Andrew Chambers

  • Understanding the Requirements for Preparing IFRS Financial Statements

    Best Practice

    and equipment, financial instruments, mineral resources, income taxes, and so on. At this moment financial statements prepared under IFRS have to comply with 37 standards and 28 interpretations. Many topics have not yet been covered, so the IASB is continuously improving the current standards and publishing new
    By Véronique Weets

More

Definitions of ’interim financial statement’ and meaning of ’interim financial statement’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’interim financial statement’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related

Most Viewed

Recommended

Latest

Related Blog Posts

More related Blog results

 
QFINANCE www.qfinance.com