The objective of financial statements is to provide future oriented information to help investors make business decisions.

Question

Quizplus · Accepted Answer

The objective of financial statements is to provide information about the financial position, performance, and changes in financial position of an entity that is useful to a wide range of users in making economic decisions. While investors are one of the primary users of financial statements, they are not the only group, and financial statements are not intended to provide future oriented information.

The Objective of Financial Statements Is to Provide Future Oriented