The primary objective of financial reporting is to provide information

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Probability-tree analysis is best used when cash flows are expected to be:
Posted by:
Emad Mohammed said abdalla
03-April-2015

1. About a firm's financing and investing activities

2. About a firm's economic resources and obligations

3. About a firm's product lines

4. Useful in predicting cash flows

Major Accounts Accounting Financial Reporting Accounting and Finance

Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/07/28

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3 Answers

by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option4 is the right answer.

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by Shingai Madondo , Administration , GIZ (German development cooperation)

Financial reporting is one of the accounting tools that provide useful information to the different stakeholders of a firm and these incude whether to give credit to a customer, lending to a borrower, provide information about the cash flows and determining the liquidity of a business and to disclose the obligations and economic resources of an entity.

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