Concepts Statement No. 8

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Conceptual Framework for financial reporting Chapter 1, The Objective of general purpose financial reporting , and Chapter 3, Qualitative Characteristics of Useful financial Information Statement of financial Accounting Concepts No. 8 September 2010 a replacement of FASB Concepts Statements No. 1 and No. 2 Copyright 2010 by financial Accounting Foundation. All rights reserved. Content copyrighted by financial Accounting Foundation may not be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the financial Accounting Foundation.

Objective, Usefulness, and Limitations of General Purpose Financial Reporting OB2. The objective of general purpose financial reporting1 OB3. Decisions by existing and potential investors about buying, selling, or holding equity anddebt instrument s depend on the returns that they expect from

  General, Reporting, Purpose, Financial, Objectives, Of general purpose financial reporting, Objective of general purpose financial