Title: Supply and Demand of Accounting Information and Objectives of Financial Statements
Abstract: The objectives of a financial statement embody its users' subjective needs, which are greatly influenced by objective environmental factors. With the wide application of the new information technology that is represented by Internet, science and technology have come to be the most influential environmental factors of accounting because they not only determine the objectives of a financial statement but also provide material bases for it. As to the two main theories on objectives of financial statements: the theory of of decision making and the theory of responsibility of economic management, systematic analysis must be based on the supply and demand of accounting information. The theory of usefulness of decision making, as a main one, show soundness of conformity with objectives of financial statements.
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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