Tussentydse verslae: Diskreet of integraal?

Abstract

Click to increase image sizeClick to decrease image sizeAccording to the Companies Act, interim reports should fairly present the business and operations of a company during the first six months of its financial year and the results thereof, However, the Act does not define what is meant by fair presentation. There are two viewpoints as to the meaning of this phrase. Firstly fair presentation could be defined by concentrating only on the interim period. This is known as the discrete approach to interim reporting. Secondly fair presentation could be defined by focusing on the interim period in the context of the entire financial year. This is known as the integral approach to interim reporting. The two approaches lead to different results when preparing interim reports. There is thus a great need for the development of standardised practices to serve as guidelines for the preparation of interim reports in the RSA.Sleutelwoorde: interim reportsdiscrete approachintegral approachgoal of interim reportingfair representation of interim report Additional informationNotes on contributorsE C OttermannEdith Ottermann is ’n leerlingrekenmeester by Coopers Theron Du Toit en was voorheen ’n akademiese leertingrekenmeester by die Universiteit van Pretoria.M KoenMarius Koen is Professor aan die Skool vir Rekenmeestersopleiding aan die Universiteit van Pretoria.