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Showing posts with label The objectives of general purpose financial reporting. Show all posts
Showing posts with label The objectives of general purpose financial reporting. Show all posts

Friday 21 January 2011

The objectives of general purpose financial reporting

The objectives of general purpose financial reporting are:

1) Maintenance of the constant purchasing power of capital.

2) Provision of continuously updated decision-useful financial information about the reporting entity to capital providers and other users.

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