101 Accounting Objectives - Relevance Reliability Comparability

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Accounting Instruction, Help, & How To
Published at : 29 Jan 2021
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Accounting objectives of financial statements - relevance, reliability, & comparability, accounting objectives relevant to decision makers, financial accounting objectives being the reason for the creation of financial statements, financial statements being the end product of financial accounting. Financial statements are designed for external users like investors and creditor, not that financial statements aren’t useful for management but external users are more dependent on financial statement so the objective of financial accounting and financial statements are designed for them.
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Financial accountingaccountingobjectives

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