The financial statements and supporting notes included in an annual report presented to shareholders at a company's annual general meeting is an example of general-purpose financial statements.

Question

Quizplus · Accepted Answer

General-purpose financial statements are intended to provide information that is useful to a wide range of users, including shareholders, creditors, and other stakeholders. The financial statements and notes included in an annual report are designed to meet this objective and are therefore considered general-purpose financial statements.

The Financial Statements and Supporting Notes Included in an Annual