What do you understand by an interim financial report?

An interim financial report is a financial statement that is prepared and presented for a period that is shorter than a full fiscal year. It typically covers a period of three, six, or nine months, and provides information about the financial performance and position of a company during that period.

Interim financial reports are used to keep stakeholders informed about the financial performance of a company between its annual financial reports. They provide timely information that can be used by investors, analysts, and other interested parties to evaluate the company's financial health, make investment decisions, and assess its future prospects.

Interim financial reports typically include a balance sheet, an income statement, a statement of cash flows, and notes to the financial statements. They may also include management discussion and analysis (MD&A) of the company's financial performance and position, and information about any significant events or transactions that occurred during the reporting period.

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