annkuo
Aug 9, 2012, 11:05 AM
How deos lag period effect the financial quartly statement prepared on cash basis?
paraclete
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