Frequency of financial reports

Izadi Zadeh Darjezi, Javad and Khansalar, Ehsan (2013) Frequency of financial reports. International Journal of Business and Management, 8 (17). pp. 121-128. ISSN 1833-8119

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Abstract

Interim reports are summary statements that are usually prepared in semi-annual format in the UK. Until the EU’s Transparency Directive was put into practice in the UK in 2007, there was no legal necessity for companies to provide interim financial reports. (Note 1) Instead such preparation was only a regulatory requirement of the London Stock Exchange. The responsibility on companies listed on the London Stock Exchange to provide these financial reports was first prepared as an suggestion in 1964, to meet the requirements for updates by financial analysts (May, 1971). In 1973, this advice to provide the market with interim information became a requirement for the admission of stocks and securities to be listed on the stock Exchange (Lunt, 1982). This study investigates the preparation of interim reports, and accounting standards for interim reporting. Also, this study discusses the main purpose of interim reports, the methods of preparation and the benefits of reporting frequency.

Item Type: Article
Keywords: interim report, interim information, reporting frequency
Schools and Departments: School of Business, Management and Economics > Business and Management
Subjects: H Social Sciences > HF Commerce > HF5001 Business > HF5601 Accounting. Bookkeeping
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance > HJ9701 Public accounting. Auditing
Depositing User: Javad IzadiZadehDarjezi
Date Deposited: 12 Feb 2014 11:16
Last Modified: 08 Mar 2017 07:37
URI: http://sro.sussex.ac.uk/id/eprint/47519

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