Interim Reporting Periods for December 31, 2024 Calendar Year End

Which of the following is NOT considered an interim reporting period for a calendar year end of December 31, 2024?

a) March 31, 2024

b) June 30, 2024

c) September 30, 2024

d) all of the above are interim reporting periods

The correct answer is that none of the options given are considered an interim reporting period for a calendar year end of December 31, 2024.

Interim reporting periods are important milestones in financial reporting that provide timely information to stakeholders. In the case of a calendar year end of December 31, 2024, the interim reporting periods are: March 31, 2024, June 30, 2024, and September 30, 2024.

Each of these dates serves as a checkpoint for companies to evaluate their financial performance and communicate with investors and regulators. By analyzing financial statements at these points, businesses can make informed decisions and assess their progress towards annual goals.

It's crucial for organizations to adhere to reporting requirements and provide accurate and transparent information during interim periods. This helps maintain trust with stakeholders and ensures compliance with accounting standards.