关于财务报告的作用存在着大量的争论，这些争论多年来一直在继续。有人认为财务报告的目的是为了遵守规定的会计规则和标准。另一方面，有人认为财务报告的关键作用应该是为财务报告的使用者提供所需的信息(Berk & DeMarzo, 2017)。
There are substantial debates on the role of financial reporting and the debates are continuing from the many years. Some argue that the purpose of financial reporting is to complying with prescribed accounting rules and standard. On the other hand, some argue that the key role of the financial reporting should be to provide the required information to the users of the financial report (Berk & DeMarzo, 2017).
Purpose and issues to be investigated
The purpose of the investigation is to find out what is more important for the financial reporting, obey the rules of the accounting standard or provide the information to the users of the financial report.
Brief background information
In order to prepare the financial report of the company, many rely on the accounting rules which are prescribed by the accounting standard adopted by the country. Alternatively, some think that the main purpose of the financial reporting should provide the required information to the users of the financial reporting such as the investors and shareholder must get adequate information from the financial report of the company that help in making important decision of the investment (Britton & Waterston, 2013).
Scope of the research
There is huge scope of the research as it will provide adequate information about the appropriate role of the financial report.