Asked by megha ramani on May 26, 2024
Verified
What is the primary objective of financial reporting?
Financial Reporting
The process of disclosing financial results and related information by a company to its stakeholders.
- Define the primary objective of financial reporting.
Verified Answer
IG
Israel GonzalezMay 28, 2024
Final Answer :
The primary objective of financial reporting is to provide financial information about the reporting entity that is useful to external decision makers such as investors,lenders,and other creditors to help them make decisions about providing resources to the entity.
Learning Objectives
- Define the primary objective of financial reporting.
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