a Outline the objective of financial statements as set out in the IASC 's Framework for the Preparation and Presentation of Financial Statements (1989) b Identify the users of financial statements and briefly describe their information needs as set out in the IASC 's Framework for the Preparation a...

a Objective of financial statements per the international framework The fundamental objective of financial statements is defined in the Framework for the Preparation and Presentation of Financial Stat ...

a. Outline the objective of financial statements as set out in the IASC's Framework for the Preparation

Question:

a. Outline the objective of as set out in the IASC's Framework for the Preparation and Presentation of (1989).
b. Identify the users of and briefly describe their information needs as set out in the IASC's Framework for the Preparation and Presentation of (1989).
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...