Objective Of Finacial Reporting

You have been asked to give a presentation to junior staff members on the objectives of financial reporting and the conceptual framework.

  • Identify the 1 general objective of financial reporting.
  • Describe the 3 specific objectives of financial reporting.
  • Explain the relationship between the objectives of financial reporting.
  • Explain the Financial Accounting Standards Board (FASB) conceptual framework.

 

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