The Objective of General Purpose Financial Reporting Is Stated in Most

question 7

Multiple Choice

The objective of general purpose financial reporting is stated in most conceptual frameworks as providing decision-useful information to users of financial reports.Which of the following is not regarded as a legitimate user of financial reports according to the IASB Conceptual Framework?

• A) Users without some proficiency in financial accounting
• B) Recipients of goods and services
• C) Special interest groups in the general public
• D) All of the given options are correct.

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Definitions:

Job Banks

Databases or repositories where job vacancies are posted by employers, facilitating the match between job seekers and available positions.

Corporate Websites

Digital platforms used by businesses to communicate with their audience, provide information, and offer services or products.

Private Employment Agencies

Organizations that assist job seekers in finding employment and employers in filling vacancies, typically charging a fee for their services.

Social Media

Platforms that enable users to create and share content or participate in social networking.