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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Related Book For
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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