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Question:
The Statement of Principles for Financial Reporting sets out the principles that should underlie the preparation and presentation of general-purpose financial statements Required:
a) Discuss the objectives of financial statements as explained in the Statement of principles
b) Discuss how the financial information about the activities of an entity is of particular interest to investors
c) The aim of information to be included in financial statements is to ensure that financial statements yield information that is useful.
Discuss the qualities of financial information that make it useful.
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What is Benchmarking "A continuous, systematic process for evaluating the products, services and work processes of an organisation that are recognised as representing best prac
1. role financial intermediaries 2. nature and role of money markets
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