Discuss the significance of financial reporting for a business organization from the perspective of internal and external users of financial information.

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Discuss the significance of financial reporting for a business organization from the perspective of internal and external users of financial information. Identify the role of IASB and FASB in developing the “Conceptual Framework for Financial Reporting” in the establishment of compatible standards worldwide.

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Discuss the significance of financial reporting for a business organization from the perspective of internal and external users of financial information.

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