The objective of general-purpose financial reporting is to provide financial information about the reporting entity that is useful to a wide range of users in making decisions relating to providing resources to the entity. Those decisions include buying, selling or holding equity and debt instruments and providing or settling loans and other forms of credit.

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The Answer of The objective of general-purpose financial reporting is to provide financial information about the reporting entity that is useful to a wide range of users in making decisions relating to providing resources to the entity. Those decisions include buying, selling or holding equity and debt instruments and providing or settling loans and other forms of credit.

The Objective of General-Purpose Financial Reporting Is to Provide Financial