The objective of financial statements is to provide information that meets the common needs of all users to provide information about the financial position, performance and changes in financial position of an entity that is useful to a limited range of users in making economic decisions. to provide information that meets the common needs of most users to provide information about the financial position, performance and changes in financial position of an entity that is useful for managing day-to-day operations. Previous No new data to save. Last checked at 2:36pm Submit Quiz Time Running: Hide Attempt due: Jul 16 at 3pm