Explain an example of objective of financial reporting.
Chapter1: Financial Statements And Business Decisions
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Explain an example of objective of financial reporting.
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Hi since examples cannot be used to explain the objectives of financial reporting. It is assumed that the question need to be provided is objectives of financial reporting.
Financial reporting:
Financial reporting is the procedure used to communicate the information obtained from financial statements prepared for a company. It is essential to disclose the data to various stakeholders of the company, as various decisions need to be taken by the stakeholders.
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