Objectives of Financial Accounting Financial reporting should provide information: (a) that is useful to present and potential investors and creditors and other users in making rational investment, credit,and similar decisions. (b)to help present and potential investors and creditors and other users in assessing the amounts,timing,and uncertainty of prospective cash receipts. (c)about the economic resources of an enterprise,the claims to those resources,and the effects of transactions, events,and circumstances that change its resources and claims to those resources. Chapter 1-2 LO 4 List the objectives of financial reporting.Chapter 1-2