PAS 34 - INTERIMREPORTING PAS 34 MODULEOBJECTIVES Identify...

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    INTERIM REPORTING PAS 34
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MODULE OBJECTIVES Identify the minimum contents of an interim financial report Understand the principles for recognition and measurement in complete or condensed interim financial reports.
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SCOPE Applied when An enterprise is required by a regulatory authority or another body to prepare interim financial statements An enterprise elects to publish interim financial reports. PAS 14 DOES NOT mandate which entities should be required to publish interim financial reports.
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INTERIM REPORTS Reports covering a period shorter than one year Intended to provide an update on the latest complete set of financial statements Do not duplicate information previously presented on annual financial statements Not mandated by FRSC; however SEC, PSE and some trade associations require certain companies to file interim reports
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INTERIM FINANCIAL REPORT A financial report containing either A complete set of financial statements, or A set of condensed financial statements
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This note was uploaded on 11/30/2011 for the course ECON 310 taught by Professor Johnsmith during the Spring '11 term at Kentucky.

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PAS 34 - INTERIMREPORTING PAS 34 MODULEOBJECTIVES Identify...

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