文档介绍：FINANCIAL
REPORTING STANDARD
FRS 34
Interim Financial Reporting
FRS 34 Interim Financial Reporting was issued by DG in January 2003 and consequential amendments were made in July and September 2004.
This Standard is operative for financial statements covering periods beginning on or after 1st October 2001.
Contents
OBJECTIVE
SCOPE Paragraphs 1 - 3
DEFINITIONS 4
CONTENT OF AN INTERIM FINANCIAL REPORT 5 – 25
ponents of an Interim Financial Report 8
Form and Content of Interim Financial Statements 9 – 14
Selected Explanatory Notes 15 – 18
Disclosure pliance with FRS 19
Periods for which Interim Financial Statements are
Required to be Presented 20 – 22
Materiality 23 – 25
DISCLOSURE IN ANNUAL FINANCIAL STATEMENTS 26 – 27
RECOGNITION AND MEASUREMENT 28 – 42
Same Accounting Policies as Annual 28 – 36
Revenues Received Seasonally, Cyclically, or Occasionally 37 – 38
Costs Incurred Unevenly during the Financial Year 39
Applying the Recognition and Measurement Principles 40
Use of Estimates 41 – 42
RESTATEMENT OF PREVIOUSLY REPORTED
INTERIM PERIODS 43 – 45
EFFECTIVE DATE 46
APPENDICES
A. Illustration of Periods Required to Be Presented
B. Examples of Applying the Recognition and Measurement Principles
C. Examples of the Use of Estimates
Financial Reporting Standard 34 Interim Financial Reporting (FRS 34) is set out in paragraphs 1-46. All the paragraphs have equal authority. FRS 34 should be read in the context of its objective, the Preface to the Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements. FRS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.
FINANCIAL REPORTING STANDARD FRS 34
Interim Financial Reporting
Objective
The objective of this Standard is to prescribe the minimum content of an interim financial report and to prescribe the principles for recogn