Interim reports are financial statements prepared by firms for a period of less than one year.
The goal is to keep shareholders and analysts up to date with the latest developments and maintain regular communication with corporate management, as well as inform the public in a timely manner of significant changes in the company.
Quarterly reports are commonly used by companies and may sometimes be required by the SEC.
Downward round refers to a private company offering additional shares to be sold at a price lower than that at which they were sold in the previous funding round.
Accrual accounting is a method of accounting in which revenue or expenses are recorded at the time of the transaction, and not at the time the payment is received or made.
Performance Based Management (ABM) is a means of analyzing a company’s profitability by looking at every aspect of its business to determine its strengths and weaknesses.
Adjusting journal entries are used to record transactions that have occurred but have not yet been properly accounted for in accordance with the accrual basis.
The annual report is a corporate document distributed to shareholders, which sets out the financial position and activities of the company for the previous year.
An asset is a resource with economic value that is owned or managed by an individual, corporation or country with the expectation that it will provide benefits in the future.