The CFA's Comprehensive Business Reporting Model Subcommittee Reported That Current

question 33

Essay

The CFA's Comprehensive Business Reporting Model Subcommittee reported that current financial statements do not provide the information necessary to analyze and value securities or make optimal financial decisions.
Required:
Discuss the objectives of changes identified by the Subcommittee that need to be made to the current system of reporting.
Changes need to be made to the current system in order to

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Definitions:

Exclusionary Personas

Character profiles used in design and marketing that specifically represent individuals who are not the target audience or users of a product or service.

Customer Pain Points

Specific problems experienced by customers, which businesses aim to solve with their products or services.

Direct Feedback

Immediate, clear, and specific information or critique provided in response to an action or a presentation.

Customer Problems

Issues or challenges faced by customers that a business seeks to address or solve with its products or services.