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Explain on the usefulness of financial statements

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Reference no: EM132419854

"The objective of MFRS 101 is to prescribe the basis for presentation of general purpose financial statements to ensure comparability both with the entity's financial statements of previous periods and with the financial statements of other entities. It sets out overall requirements for the presentation of financial statements, guidelines for their structure and minimum requirements for their content."

Learners are required to refer to FOUR journal articles to answer the following questions:

a. Explain on the usefulness of financial statements.

b. Discuss the MFRS 101 disclosure requirements on information to be presented in the Statement of Comprehensive Income.

Reference no: EM132419854

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