Page 5 - PowerPoint Presentation
P. 5

THE CONCEPTUAL FRAMEWORK


            Objective of general purpose financial


            reporting





            • Financial statements should present useful


                information


                    • For:



                           • Investors and lenders - both existing  and potential

                           • Much narrower than internal reporting





                    • Purpose of useful info


                           • Decisions about buying / selling / holding entity’s equity /

                              debt

                           • Through information on amount, timing and uncertainty

                              of returns




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