Soundray Kumar
asked almost 2 years ago
What is Objective of financial statements of IFRS ?
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manusha
answered almost 2 years ago
Financial statements are a structured representation of the financial positions and financial performance of an entity. The objective of financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. Financial statements also show the results of the management's stewardship of the resources entrusted to it.
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