Interim Statement

AAA

DEFINITION of 'Interim Statement'

A public financial report covering a period of less than one year. An interim statement is used to convey the performance of a company before the end of the year. Unlike annual statements, interim statements do not have to be audited. Interim statements increase communication between companies and the public, and provide investors with up-to-date information between annual reporting periods.


Also known as an interim report.

INVESTOPEDIA EXPLAINS 'Interim Statement'

A quarterly report is an example of an interim statement because it is issued before year end.


The International Accounting Standards Board (IASB) suggests certain standards to be followed for interim statements. These include a series of condensed statements covering the company's financial position, income, cash flows and changes in equity along with notes of explanation. The IASB also suggests that companies should follow the same guidelines in their interim statements as they use in preparing their annual reports, including using the same accounting methods.

RELATED TERMS
  1. All-Purpose Financial Statement

    A record of financial activity that is suitable for a variety ...
  2. Financial Statement Analysis

    The process of reviewing and evaluating a company's financial ...
  3. Balance Sheet

    A financial statement that summarizes a company's assets, liabilities ...
  4. Annual Report

    1. An annual publication that public corporations must provide ...
  5. Cash Flow Statement

    One of the quarterly financial reports any publicly traded company ...
  6. Certified Financial Statement

    A financial statement, such as an income statement, cash flow ...
Related Articles
  1. Advanced Financial Statement Analysis
    Options & Futures

    Advanced Financial Statement Analysis

  2. Which leverage ratios are most useful ...
    Fundamental Analysis

    Which leverage ratios are most useful ...

  3. What are some examples of how cash flows ...
    Personal Finance

    What are some examples of how cash flows ...

  4. What is the difference between cash ...
    Fundamental Analysis

    What is the difference between cash ...

Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  3. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  4. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  5. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  6. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
Trading Center