The purpose of financial reporting is to provide economic information to investors, creditors, and other financial statement users.

Name: The purpose of financial reporting is to provide economic information to investors, creditors, and other financial statement users.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Financial reporting provides information about a company's financial performance and position which is useful for investors, creditors, and other financial statement users in making their decisions.

The Purpose of Financial Reporting Is to Provide Economic Information