[aweis4]

Can someone please help with these two questions for my homework for accounting

Andrew and John arediscussing various aspects of SAC2 ‘Objective of general purpose financialreporting’. Andrew says that this concept statement provides little, if any,guidance to the practising professional accountant in resolving accountingcontroversies. He believes that the statement gives such board guidelines thatit is impossible to apply the objectives to present-day reporting problems.John concedes this point, but says that an objective is still needed to providea starting point for the improvement of financial reporting.

Describe the objectives of general purpose financial reporting in SAC2, and explain the types of financial information that are to be presented in financial statements in order to achieve the objective.

Critically evaluate the meaning of John’s statement that a starting point is needed to resolve issues in financial reporting.

[smoothy]

Not until you show us the work you've already done first.

[aweis4]

I've done the first question, was mainly just looking for some help on the second question as I'm not to sure about it.