Which of the following is the objective of financial reporting? To provide information: that defines the process of how and at what cost money is allocated among competing interests. about the management and shareholders of an enterprise. about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors for decisionmaking. used to identify, measure, analyze and communicate financial information needed by management to plan, control and evaluate a company's operations. What is the quality which means that the information is capable of making a difference in a decision? Neutrality Relevance Understandability Timeliness