Worldatwork Exam T7 Topic 1 Question 62 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 62
Topic #: 1

[All T7 Questions]

Which of the following most accurately describes the overall objective of financial reporting?

AProvide information that is useful for decision making

BEnable International Accounting Standards Board (IASB) to issue more useful and consistent pronouncements

CEnhance and organization's financial consistency over time as Board members change

DTo classify an organization's stakeholders as either internal or external information users

Show Suggested Answer

Suggested Answer: A

by Jose at Dec 08, 2022, 09:12 PM

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8 hours ago

I agree with Roxanne, financial reporting should provide information for decision making.

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1 days ago

A) Provide information that is useful for decision making.

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