Any objective that is market based is strategic objective.

Any objective that can be derived from financial statements is financial objective.

The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.

How might changing one of the financial statements affect the other financial statements?

The main objective of financial statements is to provide relevant and reliable information about the financial performance and position of an entity to a wide range of users to assist them in forming their economic decisions.

For example, investors require financial statements to judge the profitability of their investments. Lenders require them to assess the credit worthiness of potential clients. Management requires financial statements to manage the affairs of the company in the interest of shareholders. Government may require financial statements to assess the accuracy of tax returns.

Financial Statements Are Derived from Historical Costs. ...

Financial Statements Are Not Adjusted for Inflation. ...

Financial Statements Do Not Contain Some Intangible Assets. ...

Financial Statements Only Cover a Specific Period of Time. ...

Financial Statements May Not Be Comparable. ...

Financial Statements Could be Wrong Du