$01.$ Financial statements are a collection of reports, presenting an organizations financial information. They are useful for variety of users for different reasons.

a$.$ Explain briefly the objective of financial statements.

b$.$ State $05$ components of financial statements and explain the objective of each component.

c$.$ Explain how financial accounting aids decision making of a business enterprise.

d$.$ State $04$ users of financial accounting aids decision making of a business enterprise.