What is a primary objective of financial reporting?

Question

1-direct measurement of the value of abusiness enterprise

2-provision of information that is useful topresent and potenial investors ,creditors,and others in making rational financial decisions regarding the enterprise

3-establishment of rules for accruing liabilites

4-direct measurement of the enterprise's stock price

Muhammad Mujtaba Shafique · Answer

I reckon option2 should be the correct answer broda!

Ahmed Siddiq · Answer

To provide information to stakeholders so I will go for the second  option.

Sunil Pandey · Answer

Its No.2, provision of information that is useful to present and potential investors ,creditors,and others in making rational financial decisions regarding the enterprise.

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What is a primary objective of financial reporting?

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