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Interim Reporting

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There are two schools of thought on interim reporting. The discrete view holds the interim report as a segment in history that stands on its own. The integral view holds the interim report as a segment or integral part of the annual report. Which school of thought do you think is correct? Why?

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http://accounting-financial-tax.com/2011/08/statements-and-disclosures-in-interim-financial-reports/

The discrete view holds the interim report as a segment in history that stands on its own. The integral view holds the interim report as a segment or integral part of the annual report. Which school of thought do you think is correct? Why?

I would advocate the view that it is discrete because of the fact that the smoothing of interim results are placated upon the purposes of forecasting annual earnings, which proponents argue can have undesirable effects such as ...

Solution Summary

The expert examines the integral view holds for interim report as a segment or integral part of the annual report. The expert determines which school of thought do they think is correct.

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