84.4k views
1 vote
Governmental financial reporting should provide information to assist users in which situation?

1 Answer

4 votes

Answer: making economic, social, and political decisions and also

assessing whether current-year citizens received services but if part of the payment burden was shifted part to future-year citizens.

Step-by-step explanation:

Government Financial reporting should assist in fulfilling the government's duty of being publicly accountable. When there's a report of government's finances, citizens will be able to see the way money are spent and received in the country.

It also helps in the provision of information in order to help users assess the service efforts and make political, economic, and social decisions.

User Amanteaux
by
8.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.