The Conceptual Framework for Financial Reporting 2018 (IFRS Framework 2018) states that the objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to the primary users of general purpose financial reports in making decisions relating to providing resources to the entity.

Requirement:

With reference to IFRS Framework 2018, Identify these principal classes of users and explain how financial information might be useful to users of general purpose financial reports in making decisions relating to providing resources to the entity.