Page 5 - PowerPoint Presentation
P. 5

INTERIM FINANCIAL REPORTING



            Outcomes







            • Explain the objectives of interim financial reporting.

            • Explain which entities should comply with IAS 34.


            • Define an interim period and an interim financial report.


            • Identify the minimum components of an interim financial
                report.


            • Determine the periods for which an entity should present

                interim financial reports.

            • Explain how materiality should be assessed in interim

                financial reports.


            • Explain the importance of the use of estimates in interim
                financial reports and supply the necessary disclosure.


            • Discuss how a change in accounting policy in an interim
                financial report should be accounted for.



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