CIMA BA3 · Chapter 1 · Question 3 of 10
Which group does the Conceptual Framework identify as the primary users of general purpose financial reports?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Existing and potential investors, lenders and other creditors
Explanation
The primary users are existing and potential investors, lenders and other creditors, because they cannot require reporting entities to provide information directly to them. Employees, government, customers and the public may also use the reports but are not the primary users to whom they are directed.
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