Definition of Interim statement:
An interim statement is a financial report covering a period of less than one year. Interim statements are used to convey the performance of a company before the end of normal full-year financial reporting cycles. 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.
These may also be referred to as interim reports.
Short, unaudited financial statement issued monthly, quarterly, or half-yearly by a firm whose equities are traded on a stock exchange (called a quoted firm) to declare its trading results for that period. It generally shows pretax profit, estimated tax liabilities, earnings available (if any) for the interim dividend, and other such information.
How to use Interim statement in a sentence?
- Quarterly reports are commonly used by companies, and may sometimes be mandated by the SEC.
- Interim statements are financial reports produced by firms covering a period of less than one year.
- The goal is to keep shareholders and analysts more up-to-date and in regular communication with corporate management, and to alert the public to material changes to the company in a timely fashion.
Meaning of Interim statement & Interim statement Definition