Jennifer who lives in Sydney, Antony in London, Margot in New York, Ikumi in Tokyo, and Jing in Singapore are all shareholders of the Australian company 'Cable Communication & Wireless Ltd'listed on the Australian Stock Exchange (ASX). They all seek general purpose financial reports from the company so that they can.
O Using financial information that will allow resource providers (Stakeholders such as shareholders, employee,government, finance providers) to make sound financial decisions.
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O Allow shareholders to make management decisions.
O Block financial information to competitors.
O Enhance making financial decisions.
O To provide financial information to resource providers.
O Using financial information that will allow resource providers (Stakeholders such as shareholders, employees, government, finance providers) to make sound financial decisions.
General purpose financial reports are intended to provide relevant and reliable financial information to a wide range of users, including shareholders, employees, government entities, and financing sources, to help them make informed decisions about the company. These reports typically include financial statements like the balance sheet, income statement, cash flow statement, and notes to the financial statements, which comply with applicable accounting standards.
