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This is an individual assignment which makes focus on the necessities of disclosure in the statements of financial performance and financial position of an organization prepared in the light of the conceptual structure for the financial reporting. The selected organization to make analysis of this report is Martin Aircraft Company Limited. In the meeting of the Board of Directors of the company, the importance with respect to financial report which meets the objective of the general purpose financial reporting framework has been analyzed. The members of the board are concerned with the deviation with respect to objectives of the general purpose financial reporting with respect
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