General Purpose Financial Report

General Purpose Financial Reports are a financial report that to provide information and satisfy the need of the both existing and potential users such as investors, lenders, and other creditors. The purpose of General Purpose Financial Report of the company is to show its relevant and reliable financial information and data to communicate with users. Insiders and potential investors use these reports to make economic decisions (Bragg 2018). They analyze and evaluate the financial statements to make economic decision to make greatest profits.
The GPFRs consist with the financial position, financial performance and cash flow of company. The financial position of the company is present about the economic resources. This enables users of the

This enables clients to more important data regards to a substance's monetary execution than utilizing a money receipts premise. Information showed by a company’s financial performance enables users of the financial position to evaluate management performance, the risk of the business, and the ability of a company for generating fund. Cash flow department is another major part of company's performance (Renu & Sekar 2014). Under the accrual theory in a transaction. For example, sales a product or provides service and purchases inventories are recoded in the period they are incurred. This does not indicate us information about when the cash

The primary users of general purpose financial report supplier of resource, recipient of final product and services and reviewing of oversight function party. Suppliers of resources include both directly and indirectly suppliers who provide the resources. In this category which include stuffs of the company, lenders, creditors, suppliers, investors and contributors. They would like to know whether the company have achieved target or not, so they use the report to evaluate. In the sector of investor-owned the business, they have to know whether the company is making profit or not and how the cash flow they generated, since their decisions are identified by numbers, timing and uncertainties of expected cash flow. Beneficiaries of products and enterprises are the individuals who expend or generally advantage from the merchandise and ventures gave by the detailing substance. This classification contains customers and beneficiaries. They would like to use the report to assume and continue to produce products and provide services in the future. In this regard, as with resources suppliers, they need to know whether the company is accomplishing its targets and is working financially and productively in the arrangement of the merchandise and enterprises. Lastly, reviewing of oversight