Objective Of Financial Reporting Standards

Objective Of Financial Reporting Standards

We frequently hear about reporting standards like IFRS and US GAAP and firms will need to comply with these criteria while preparing their reports. One could ask why we want those financial reporting criteria. Each business is unique with its business requirements, financial needs, and design of surgeries. What’s the reason for these reporting criteria? Businesses’ uniqueness is the specific reason why people want these reporting criteria. The aim of financial read more