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What are interim financial statements?

Harold Averkamp, CPA, MBA

Definition of Interim Financial Statements

Interim financial statements report amounts for time intervals that are shorter than a company’s annual financial statements. The interim financial statements give management, investors, and other users some updated information on the company’s operations and financial position. Unlike the annual financial statements, the interim financial statements will likely be unaudited and either condensed or more detailed depending on the distribution.

Interim financial statements to stockholders (external financial statements) will be more condensed than the annual financial statements. Interim financial statements for the company’s management (internal financial statements) will be more detailed, but will omit the notes to the financial statements.

Examples of Interim Financial Statements

A few examples of interim financial statements (other than the balance sheet) for a company with an accounting year ending on each December 31 will include the following in their headings:

  • For the month ended January 31 (for use by management)
  • For the three months ended March 31
  • For the three months ended June 30
  • For the six months ended June 30
  • For the nine months ended September 30

A few examples of interim balance sheet dates for a company with an accounting year ending on each December 31 include:

  • January 31 (for use by management)
  • March 31
  • June 30
  • September 30
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on

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