The needs of a wide range of users of an entity’s financial statements (general purpose financial statements, GPFSs) to information, in making economic decisions (relating to their relationship with the issuing entity). Such users include equity holders (shareholders), analysts (credit analysts, financial analysts, business analysts, etc.), employees, creditors, regulators, and the public at large. The information provided in such statements relate to an entity’s financial position, operational performance, cash flows, etc.
November 20, 2024
