A financial report intended to meet the information needs of users unable to command reports tailored to their specific needs is known as a:

Question

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A general purpose financial report is intended to meet the information needs of a wide range of users who may not be able to command reports tailored to their specific needs. It provides a broad overview of an organization's financial position and performance, and is prepared in accordance with Generally Accepted Accounting Principles (GAAP). Specific purpose financial reports, single purpose financial reports and multi-purpose financial reports are all types of reports that may be prepared in addition to or instead of a general purpose financial report, to meet the needs of specific users with more specialized requirements.

A Financial Report Intended to Meet the Information Needs of Users