Ministry of Finance, Enterprise Accounting Guidelines - Interim Financial Reports

Issued: 2 November 2001
Effective: 1 January 2002

Main contents: These Guidelines specify the required contents of, and the recognition and measurement principles to be followed by, interim financial reports. With regard to the required contents, an interim financial report shall include at least (1) a balance sheet, (2) a profit statement, (3) a cash flow statement, and (4) notes to the financial statements (Article 4). For comparison purposes, the reporting enterprise shall include in financial data from the preceding financial year of its interim financial report (Article 7). In recognizing, measuring and disclosing the accounting data in its interim financial report, the reporting enterprise shall follow the principle of materiality, and the materiality of financial data shall be based on the actual financial data of the interim period and should not include projected financial data of the financial year (Article 3). The accounting policies adopted for the interim financial report shall be consistent with those adopted for the annual financial report (Article 10). If there is a change to such policies in the interim period, it shall be dealt with in accordance with the relevant provisions of the Enterprise Accounting Guidelines - Accounting Policies, Changes to Accounting Estimates and Rectification of Accounting Errors and shall be disclosed in the notes to the financial statements (Article 15).