Which of These Statements About the Objective of General Purpose

question 27

Multiple Choice

Which of these statements about the objective of general purpose financial reports GPFRs) as contained in the IASBs Conceptual Framework is correct?

• A)The entity perspective has been adopted when defining the objectives of GPFRs
• B)The primary users of GPFRs are seen as being a diverse group including shareholders,creditors,regulators,members of the public,etc
• C)GPFRs will generally satisfy user's needs for information
• D)The IASB Conceptual Framework deliberately emphasises sustainability as an objective of GPFRs

---

Definitions:

Educational Policy

Principles and government policies in the educational sphere influencing the development of educational systems and practices.

Standard IQ Tests

Formal assessments designed to measure human intelligence and cognitive abilities based on standardized scores.

Non-Western Cultures

Refers to cultures traditionally considered outside the cultural hegemonies of Europe and North America, focusing on the diverse social, religious, and artistic traditions of Africa, Asia, Oceania, and Latin America.

IQ Scores

Quantitative measures of a person's intelligence level, typically obtained through standardized tests.