Here are some qualitative characteristics of accounting information: 1. Predictive value 3. Verifiable 2. Neutral 4. Timely

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Here are some qualitative characteristics of accounting information:

1. Predictive value 3. Verifiable 2. Neutral 4. Timely Match each qualitative characteristic to one of the following statements.

(a) Accounting information should help users make predictions about the outcome of past, present, and future events.

(b) Accounting information cannot be selected, prepared, or presented to favor one set of interested users over another.

(c) Accounting information must be proved to be free of error and bias.

______

(d) Accounting information must be available to decision makers before it loses its capacity to influence their decisions.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471347743

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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