Here are some qualitative characteristics of useful accounting information: 1. Predictive value 3. Verifiable 2. Neutral 4.
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Here are some qualitative characteristics of useful accounting information:
1. Predictive value 3. Verifiable 2. Neutral 4. Timely Match each qualitative characteristic to one of the following statements.
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(a) Accounting information should help provide accurate expectations about future events.
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(b) Accounting information cannot be selected, prepared, or presented to favor one set of interested users over another.
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(c) Accounting information must be proved to be free of error.
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(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
Accounting Tools For Business Decision Making
ISBN: 9780470534786
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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