Which of the following is not a suggested objective for financial statements for public sector entities?
A)To provide an accounting of financial affairs and resources
B)To enable evaluation of compliance with legislation
C)To provide information on financing and investing activities
D)To determine if programs are economical, efficient, and effective

Question

Quizplus · Accepted Answer

Determining if programs are economical, efficient, and effective is a suggested objective for program evaluation and performance measurement, not for financial statements. Financial statements focus on the entity's financial position, performance, and cash flows.

Which of the Following Is Not a Suggested Objective for Financial