alleryStart learning →Under Ind AS 34, an interim period is a financial reporting period that is:
AShorter than a full year
BExactly six months long
CExactly three months long
DLonger than one full year
Answer & Solution
Correct answer: A. Shorter than a full year
The definition ties an interim period only to being shorter than a full financial year, so any half-year or quarter qualifies but no fixed length is set.
Keep practising Ind AS 34 Interim Financial Reporting
Browse all Ind AS 34 Interim Financial Reporting questions for CA Final, or explore more Financialreporting topics.
Related questions
A reporter more frequent than half-yearly measures income and expenses on what basis?Versus IAS 34, Ind AS 34 allows profit and loss in:Ind AS 34 Appendix A on interim reporting and impairment matches which interpretation?Ind AS 36 states that an impairment loss recognised for goodwill:The ban on reversing interim goodwill impairment is extended by analogy to other areas:Goodwill impairment booked in an interim period is later:Why must a policy change cover the whole financial year?A change in accounting policy at an interim date is reflected by: