Quarterly finance report
In the private sector, a quarterly finance report is a financial report that covers three months of the year, which is required by numbers of stock exchanges around the world to provide information to investors on the state of a company. "Private sector financial reports emphasize the ultimate impact of transactions for a given period" [1] (McKinney, 2004, p. 475).
In the public sector, quarterly reporting is meant to highlight a government's revenues and expenditures for a quarter of the fiscal year as it is defined for that entity (in the United States, the fiscal year is different for the federal government than it is for other levels of government). According to McKinney, "governments stress how transactions will affect near-term financing...[and] decisions are related to annual or biannual appropriations, emphasizing balances and transactions related to near-term government financing - the operating budget." [2] (2004, p. 475).
For the American context, see Form 10-Q.
References
 | This business-related article is a stub. You can help Wik.ipedia.Pro by expanding it. |
See what we do next...
OR
By submitting your email or phone number, you're giving mschf permission to send you email and/or recurring marketing texts. Data rates may apply. Text stop to cancel, help for help.
Success: You're subscribed now !