Question
How does the accounting profession view interim financial reports? As a special type of reporting that need not follow generally accepted accounting principles. As reporting
How does the accounting profession view interim financial reports?
As a "special" type of reporting that need not follow generally accepted accounting principles.
As reporting for an integral part of an annual period.
As useful only if activity is evenly spread throughout the year so that estimates are unnecessary.
As reporting for a discrete accounting period.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
