AS 25

Accounting Standard 25 - Interim financial Reporting Interim financial reporting means all financial statement which is related to the financial result of company less than one year . ICAI has given power to make financial statement for quarter or monthly basis or half yearly and show his performance to creditors, investors and shareholders for more close connection with them. But ICAI has made rules regarding this reporting and it is included in accounting standard 25. Any company who want to show or publish his interim financial reporting, it is very necessary to include following statements in these interim financial reporting. 1. Balance sheet 2. Profit and loss statement 3. Extra ordinary reports regarding new accounting and company policies. Many companies have different nature and their business must be updated before financial statement and to provide knowledge to interested party is also very important. So , this AS will guide CA to check interim financial reports .