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QUESTION
According to FASB, Financial reports are meant for Knowledgeable Investors and Creditors. While this includes non-accountants, it is more limited...
According to FASB, Financial reports are meant for Knowledgeable Investors and Creditors. While this includes non-accountants, it is more limited than the general public.
Why would they limit the audience in this way and Why would the audience not care about profit, loss, or cash flows in government?
