Conduct Internet research to locate information on interim financial reporting. Locate information on the reporting of accrual and deferrals.
For interim financial reporting for domestic subsidiaries, what categories may be accrued or deferred to provide an appropriate use of the basic matching concept accounting for costs in each period? Why is this important to the stakeholders? Are these different than year-end reporting? In your opinion, do you feel interim reports are valid and can be considered reliable?