statement of financial accounting concepts 1 objectives of federal financial reporti 4374409

Statement of Financial Accounting Concepts 1, “Objectives of Federal Financial Reporting” at (http://www.fasab.gov/pdffiles/handbook_sffac_1.pdf) identifies accountability and decision usefulness as the fundamental values of federal governmental financial accounting and reporting. The statement identifies four groups of users to whom the government owes accountability and the possible needs of each user group. Required Briefly describe the user groups, their needs for information, and how these tie into the four objectives of federal financial reporting identified in the statement. View Solution:
Statement of Financial Accounting Concepts 1 Objectives of Federal Financial

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