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ACCT1101 at UWA . Users need information for decision making. Subject Code: BBA502 Edition: Fall 2011. Private sector The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in making decisions about providing resources to the entity. KAPLAN ACCA F7 Financial Reporting Study Text will teach you about preparing, analyzing, and interpreting financial statements. www.finupdates.in © 2020. This book covers a range of financial accounting topics related to the accounting and reporting cycle, current assets, long-term assets, debt, equity, and cash flows. 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