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Periodic reporting and the time period principle

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Discuss the importance of periodic reporting and the time period principle.

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The expert examines periodic reporting and the time period principle.

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DEAR STUDENT,

EXPLAIN THE IMPORTANCE OF PERIODIC REPORTING AND TIME PERIOD PRINCIPLE
Periodic reporting means the reporting the financial information about the company by way of financial reports to the external users of the company viz., shareholders, creditors, prospective investors, debenture holders, banks and financial institutions, Government ,income tax authorities and other members of the public. Therefore, the importance of periodic reporting is to inform the financial health of the company to the external users. If there is ...

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