No. 1 To provide information on which to base economic decisions.
No.2 To serve primarily those general users who have limited
authority, ability, or resources to obtain information.
No. 3 To provide information useful to investors and creditors.
No. 4 To provide users with information for predicting, comparing
and evaluating enterprise earning power.
No. 5 To supply information useful in judging management’s ability
to utilize enterprise resources effectively.
No. 6 To provide factual and interpretive information.
No. 7 To provide a statement of financial position.
No.8 To provide a statement of periodic earnings.
No. 9 To provide a statement of financial activities.
No. 10 To provide information useful for the predictive process.
No. 11 To provide information for governmental and not-forprofit
organisations.
No. 12 To report on activities affecting society