AAII - IR

The factors cause the need of interim financial reporting is listed below, except ...

• seasonal nature

• season's greetings

• short-time period

• disaggregated financial statements

Seasonal nature can be a factor in interim reporting of companies in Indonesia due to ...

• climate change from Sabang to Merauke

• festivity of Eid Mubarak

• tropical season during the year

• holiday season for students

Based on discrete view, each interim period should be viewed as ... of an annual period.

• integral part

• separated part

• allocated part

• comprehensive part

Critical issue in interim reporting for inventories are regarding ...

• fluctuate balance of raw material, WIP and finished goods

• temporary loss due to trend in market

• temporary loss due to obsolete inventories in warehouse

• allowance for slow moving intentories

Why CoGS must be presented based on estimated gross profit rates in the interim reporting?

• Because the estimate is also applied for year-end balance

• Because an estimate is a relevant balance when interim report is not audited

• Because the entire revenues-related activities might also cover periods not included in interim

• Because margin is not certain in interim