The objective of general purpose financial reporting as defined in the Conceptual Framework is to provide: (a)
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The objective of general purpose financial reporting as defined in the Conceptual Framework is to provide:
(a) information that is useful to present and potential investors in making rational investment, credit and similar decisions.
(b) information that is useful to creditors in making rational investment, credit and similar decisions.
(c) financial information about the reporting entity that is useful to primary users in making decisions about providing resources to the entity.
(d) information that is useful to present and potential investors for making and evaluating decisions about the allocation of scarce resources.
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Related Book For 
Financial Accounting Reporting, Analysis And Decision Making
ISBN: 9780730363279
6th Edition
Authors: Shirley Carlon
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