The Accounting Reference Date (ARD), also known as the reporting date, signifies the end of an accounting reference period, such as a financial year, for a company. It is essential for preparing financial statements and other required reports.
The Accounting Reference Date (ARD) is the date that marks the end of a company's financial year, crucial for the preparation of annual accounts and financial statements.
An annual report is a comprehensive document prepared by a company at the end of its financial year, which summarizes its financial performance, business activities, and strategic goals. It is intended for shareholders, stakeholders, and the general public.
A control period is the span of time for which budgeted figures are compared with actual results. Splitting up the financial year into control periods makes control of the financial figures more manageable.
Corresponding amount refers to an amount in the published financial accounts of a limited company that relates to the previous financial year to provide a basis for comparison.
An in-depth overview of the financial year, including definitions, examples, related terms, online resources, and suggested reading materials.
A fiscal year is a 12-month period used for calculating annual financial statements in businesses and other organizations. The start and end dates of a fiscal year can vary between countries and organizations.
An interim audit is the examination of the financial records and operations of a company during the course of the financial year, ensuring accuracy and compliance prior to the final year-end audit.
An interim dividend is a type of dividend paid to shareholders during a company's financial year, prior to the annual dividend payout. It serves as an indication of the company's current profitability and financial health.
Inventory includes the raw materials, work-in-progress, and finished goods that a company has on hand at any given time. Effective inventory management is crucial for maintaining liquidity and profitability.
Marginal Relief is a UK tax relief available to companies whose profits chargeable to corporation tax fall between certain defined limits for a financial year. This relief aims to smooth the transition between various corporation tax rates.
