alleryStart learning →On what basis are interim explanatory disclosures normally reported?
AFinancial year-to-date
BTwelve months rolling
CPreceding year only
DCurrent quarter alone
Answer & Solution
Correct answer: A. Financial year-to-date
Cumulative year-to-date reporting is the default, with extra mention of events material to the current interim period.
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Related questions
Each interim period of a quarterly reporter uses what?Can items that fail the asset or liability definition be shown in an interim balance sheetWhat must a liability at an interim date represent?A cost fails the asset test at year end. At an interim date?A half-yearly reporter revises an estimate. First-half figures?Regulator sets its own format. What still applies?AS 25 says timely interim reporting helps users to understand what?In which year was AS 25 on interim reporting issued?