The principal goal of financial reporting is... A Providing management with the information necessary to run...

The principal goal of financial reporting is...

A Providing management with the information necessary to run their business

B Providing investors with sufficient information to allow them to make capital allocation decissions

C Providing the SEC with adequate information to perform oversight of company accounting

Expert Solution

Answer

B.Providing investors with sufficient information to allow them to make capital allocation decissions

Explanation

Financial reporting primary objective is to track and analyze and report your business' income

This report helps to examine the cash flow , Resource utilities and financial health of an organization which helps you and your investors make informed decisions about how to manage the business.

jeff jeffy answered 2 years ago

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