Financial statements under the IFRS Conceptual Framework do not help users with what kind of objective(s)?
A)Alleviating moral hazard.
B)Forecasting future product growth.
C)Prediction of future earnings.
D)Evaluating the riskiness of an investment.

Question

Quizplus · Accepted Answer

The IFRS Conceptual Framework does not include the objective of forecasting future product growth. The main objectives of financial statements under the framework include providing information about the financial position, performance, and cash flows of an entity, as well as helping users evaluate the riskiness of an investment and make economic decisions. It also aims to reduce information asymmetry, assist in the allocation and efficient use of resources, and alleviate moral hazard.

Financial Statements Under the IFRS Conceptual Framework Do Not Help