Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Questions - Page 74: 13

Answer

The basic objective of financial reporting is to provide financial information which is useful for making business decisions.

Work Step by Step

The characteristics of useful accounting information is- Relevance, Reliability, Comparability, Consistency.
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