In an interim report, presenting for the statement of financial position simply the amounts for total current assets, total non-current assets, total current liabilities, total non-current liabilities, and total equity would generally be considered insufficient.

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An interim financial report should provide sufficient detail to convey an understanding of the changes in financial position and performance of the entity since the last annual reporting period. Simply presenting totals without breakdowns or explanations does not typically meet these informational needs.

In an Interim Report, Presenting for the Statement of Financial