Which characteristic is NOT generally associated with general purpose financial reporting?

General purpose financial reporting is designed to provide information that is useful for making economic decisions and assessing accountability. It aims to present a clear picture of a government's financial health, enabling stakeholders to understand the financial results and position of the entity.

The characteristic that is not generally associated with general purpose financial reporting is the guidance on lease-purchase transactions. While such guidance may be relevant for specific accounting practices or standards, it is more specialized rather than a fundamental characteristic of general purpose financial reporting. The focus of general purpose reports is on broader accountability, decision-usefulness, and transparency, rather than specific operational guidance like lease-purchase accounting.

In essence, lease-purchase guidance pertains to specific transactions or arrangements, whereas accountability, decision-usefulness, and transparency are overarching principles that apply to the reporting as a whole, aiming to meet the needs of a wide range of users.