The primary objective of financial reporting is to provide information:

Question

Quizplus · Accepted Answer

The primary objective of financial reporting is to provide information that is useful for making investment and lending decisions. Financial reports provide relevant financial information about a business to investors, creditors, and other stakeholders. While financial reports may also include information regarding tax matters, cash flows, and profitability, the primary objective is to provide information for making financial decisions.

The Primary Objective of Financial Reporting Is to Provide Information