Answer
Financial reporting primarily aims at offering interested stakeholders such as lenders, current inventors, creditors and future investors believable information regarding the financial performance of an entity. The information aids the stakeholders in making clear-cut decisions on whether they should offer financing/ credit to an entity and buy or sell an entity's equity.
Work Step by Step
Financial reporting primarily aims at offering interested stakeholders such as lenders, current inventors, creditors and future investors believable information regarding the financial performance of an entity. The information aids the stakeholders in making clear-cut decisions on whether they should offer financing/ credit to an entity and buy or sell an entity's equity.
