Financial reports prepared during the financial reporting period are called:

Question

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Interim reports are prepared during the financial reporting period, often on a quarterly basis, to provide updates on the financial performance and position of the organization. Automated reports may be used to generate these interim reports, but they are not the same thing. Consolidated reports combine financial information across multiple entities. Trial balances are used to ensure that debits and credits in the accounting system are equal.

Financial Reports Prepared During the Financial Reporting Period Are Called