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    annkuo's Avatar
    annkuo Posts: 1, Reputation: 1
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    #1

    Aug 9, 2012, 11:05 AM
    The lag period for financial statement on cash basis
    How deos lag period effect the financial quartly statement prepared on cash basis?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Aug 9, 2012, 06:58 PM
    I don't understand your question. Financial statements are prepared as at a certain date, This is true of statements produced under cash or accrual accounting. If there is a lag between preparation and presentation then it is for the readers of those reports to make allowances for subsequent events
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