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Frequency of financial reports
journal contribution
posted on 2023-06-08, 16:41 authored by Javad Izadi Zadeh Darjezi, Ehsan KhansalarInterim 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.
History
Publication status
- Published
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- Published version
Journal
International Journal of Business and ManagementISSN
1833-8119Publisher
Canadian Center of Science and EducationExternal DOI
Issue
17Volume
8Page range
121-128Department affiliated with
- Business and Management Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2014-02-12First Open Access (FOA) Date
2014-02-12First Compliant Deposit (FCD) Date
2014-02-12Usage metrics
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