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Why do you think some companies only report the financial health of the organization once a year while others report bi-annually or even quarterly?
Wiki User
∙ 11y ago
Some organizations only report yearly to evaluate their company's fiscal health. This report includes financial data and other measurements of their company's performance, which are mostly the legal requirements for the company.
Wiki User
∙ 11y ago
Companies choose to report their financial health with different frequencies based on several factors. Those reporting annually typically have less frequent performance fluctuations and may incur lower costs related to financial reporting. Companies opting to report bi-annually may have moderate to high performance fluctuations, but still prefer a longer reporting period to evaluate trends. Lastly, companies reporting quarterly usually have high performance fluctuations and may benefit from closer monitoring and communication with stakeholders, given the importance of up-to-date financial information. The frequency of reporting ultimately depends on the nature, size, and needs of the company.
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