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Condensed Interim For the Period Ended March 31,2020For the Period ended March 31,2020Corporate Inform on1Directors Review3Statement of Financial Post on5Prot and Loss Account6Statement of Comprehensive
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Gather all financial data for the current reporting period including income statement, balance sheet, and cash flow statement.
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Who needs interim condensed financial statements?

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Investors who are interested in monitoring the financial performance of a company throughout the year.
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Creditors who want to assess the financial health and risk of a company in between annual financial reporting periods.
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Management teams who need to track the progress and financial position of the company on a more regular basis.
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Financial analysts who analyze and provide insights on the company's financial results on a quarterly or semi-annual basis.
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Interim condensed financial statements are abbreviated financial reports covering a period of less than one year, usually prepared at quarterly intervals.
Publicly traded companies are typically required to file interim condensed financial statements with regulatory authorities.
Interim condensed financial statements are typically filled out by preparing financial data for the current reporting period and comparing it to data from the previous period.
The purpose of interim condensed financial statements is to provide investors, creditors, and other stakeholders with updated financial information in between annual financial reports.
Interim condensed financial statements must include condensed versions of the balance sheet, income statement, and cash flow statement.
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