As part of the objective of general-purpose financial reporting, which of the following perspectives are considered appropriate?
A) proprietary perspective
B) entity perspective
C) stakeholder perspective
D) None of the above perspectives are considered appropriate.

Question

Quizplus · Accepted Answer

The entity perspective is considered appropriate for general-purpose financial reporting because it focuses on the needs of the entity as a whole, rather than prioritizing the interests of any specific group of stakeholders. This perspective is aligned with the objective of providing a true and fair view of the entity's financial position and performance to a wide range of users.

As Part of the Objective of General-Purpose Financial Reporting, Which