Interim financial statements: are always prepared before any adjustments have been recorded. show the assets above the liabilities and the liabilities above the equity. cover less than one year, usually spanning one-, three-, or six-month periods. report revenues when incurred and expenses when earned.

cover less than one year, usually spanning one-, three-, or six-month periods

Explanation:

Interim financial statements: Interim financial statements are those statements that are prepared for less than one year. It can be made monthly, quarterly, half-yearly or yearly. But its duration is less than one year. It is used to give updated information which can change the investor's decision in a future period.  

It includes all types of statements like balance sheet, income statement, cash flow statement. These statements are not audited and mostly it is prepared in publicly held companies.